JGWeissman comments on When is Winning not Winning? - Less Wrong Discussion
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Suppose an agend with exponential time discounting assigns goods G at a time T a utility of U0(G)*exp(a*(T0-T)). Then that is the utility the agent at any time assigns those goods at that time. You may be thinking that the agent at time TA assigns a utility to the goods G at the same time T of U0(G)*exp(a*(TA-T)) and thus the agent at different times is assigning different utilities, but these utility functions differ only by the constant (over states of the universe) factor exp(a*(TA-T0)), which being an affine transformation, doesn't matter. The discounting agent's equivalency class of utility functions representing its values really is constant over the agent's subjective time.
Ah, I see. You're right. Comment retracted.