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A new defence of probability discounting

In Adrian Walsh, Säde Hormio & Duncan Purves (eds.), The Ethical Underpinnings of Climate Economics. Oxford: Routledge. pp. 87-102 (2017)

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  1. The Irrelevance of the Risk-Uncertainty Distinction.Dominic Roser - 2017 - Science and Engineering Ethics 23 (5):1387-1407.
    Precautionary Principles are often said to be appropriate for decision-making in contexts of uncertainty such as climate policy. Contexts of uncertainty are contrasted to contexts of risk depending on whether we have probabilities or not. Against this view, I argue that the risk-uncertainty distinction is practically irrelevant. I start by noting that the history of the distinction between risk and uncertainty is more varied than is sometimes assumed. In order to examine the distinction, I unpack the idea of having probabilities, (...)
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  • What Do Climate Change Winners Owe, and to Whom?Kian Mintz-Woo & Justin Leroux - 2021 - Economics and Philosophy 37 (3):462-483.
    Climate ethics has been concerned with polluter pays, beneficiary pays and ability to pay principles, all of which consider climate change as a single negative externality. This paper considers it as a constellation of externalities, positive and negative, with different associated demands of justice. This is important because explicitly considering positive externalities has not to our knowledge been done in the climate ethics literature. Specifically, it is argued that those who enjoy passive gains from climate change owe gains not to (...)
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  • Principled Utility Discounting Under Risk.Kian Mintz-Woo - 2019 - Moral Philosophy and Politics 6 (1):89-112.
    Utility discounting in intertemporal economic modelling has been viewed as problematic, both for descriptive and normative reasons. However, positive utility discount rates can be defended normatively; in particular, it is rational for future utility to be discounted to take into account model-independent outcomes when decision-making under risk. The resultant values will tend to be smaller than descriptive rates under most probability assignments. This also allows us to address some objections that intertemporal considerations will be overdemanding. A principle for utility discount (...)
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  • Undemocratic Climate Protests.Francisco Garcia-Gibson - 2021 - Journal of Applied Philosophy 39 (1):162-179.
    Climate change activists sometimes engage in protests that exert coercion on governments, businesses, and citizens, instead of protests that just attempt to persuade them. I argue that these coercive protests are sometimes undemocratic, despite recent attempts in the literature to describe them as democratic. Coercive climate protests do not always improve deliberative decision-making, and they are a means of exerting control over official decisions that is not available to all affected. I then claim that the fact that some of these (...)
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  • A philosopher’s guide to discounting.Kian Mintz-Woo - 2021 - In Mark Bryant Budolfson, Tristram McPherson & David Plunkett (eds.), Philosophy and Climate Change. Oxford University Press. pp. 90-110.
    This chapter introduces several distinctions relevant to what is called the “discounting problem”, since the issue is how (future) costs and benefits are discounted to make them comparable in present terms. The author defends the claim that there are good reasons to adopt Ramsey-style discounting in the context of climate change: the Ramsey rule is robust, flexible, and well-understood. An important distinction involved in discounting—“descriptivism” and “prescriptivism”—is discussed. It is argued that, even if we adopt prescriptivism, and accept that this (...)
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