Comment on Rationalists don't care about the future

Tue, 17 May 2011 15:36:26 GMT

Do things become any clearer if you figure that some of what looks like time-discounting is actually risk-aversion with regard to future uncertainty? Ice cream now or more ice cream tomorrow? Well tomorrow I might have a stomach bug and I know I don't now, so I'll take it now. In this case, changing the discounting as information becomes available makes perfect sense.

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