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Yosarian2 comments on Blind Spot: Malthusian Crunch - Less Wrong
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It is not clear that markets can see that far in to the future. Part of the value of a high-ish discount rate is that it discounts the more unreliable far future predictions against the closer in ones. To someone with better future vision, the optimum discount rate would be lower.
Yes, of course. On the other hand what are your alternatives for better far-seers?
Someone who actually has better future vision can become very rich via the financial markets.