timtyler comments on Rationalists don't care about the future - Less Wrong

3 Post author: PhilGoetz 15 May 2011 07:48AM

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Comment author: timtyler 21 May 2011 07:25:48PM *  1 point [-]

I take my empirical doubling time from the average returns on investment in the Western world; that is the correct time-discounting to use in our current environment, as computed by the collective intelligence of all the investors on Earth.

I already observed:

The prevailing interest rate is normally not much of a factor - since money is only instrumentally valuable.

I do not think that interest rates are really a reflection of human temporal discounting. Why would anyone think that they were?