Cameron Hepburn

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Things tagged 'Hyperbolic discounting'

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    A better way to price the future takes hold

    SHORT-TERM thinking is a criticism often levelled at corporations and banks by anti-capitalist protesters, and they may well be right. A lack of concern for the future is built mathematically into economic theory, and this carries through to the behaviour of companies and governments. But a different way of putting a financial value on the […]