Switch to: Citations

References in:

A philosopher’s guide to discounting

In Budolfson Mark, McPherson Tristram & Plunkett David (eds.), Philosophy and Climate Change. Oxford University Press. pp. 90-110 (2021)

Add references

You must login to add references.
  1. 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 (...)
    Download  
     
    Export citation  
     
    Bookmark   6 citations  
  • The Social Cost of Carbon: Valuing Inequality, Risk, and Population for Climate Policy.Marc Fleurbaey, Maddalena Ferranna, Mark Budolfson, Francis Dennig, Kian Mintz-Woo, Robert Socolow, Dean Spears & Stéphane Zuber - 2019 - The Monist 102 (1):84-109.
    We analyze the role of ethical values in the determination of the social cost of carbon, arguing that the familiar debate about discounting is too narrow. Other ethical issues are equally important to computing the social cost of carbon, and we highlight inequality, risk, and population ethics. Although the usual approach, in the economics of cost-benefit analysis for climate policy, is confined to a utilitarian axiology, the methodology of the social cost of carbon is rather flexible and can be expanded (...)
    Download  
     
    Export citation  
     
    Bookmark   25 citations  
  • Discounting for public policy: A survey.Hilary Greaves - 2017 - Economics and Philosophy 33 (3):391-439.
    This article is a critical survey of the debate over the value of the social discount rate, with a particular focus on climate change. The ma- jority of the material surveyed is from the economics rather than from the philosophy literature, but the emphasis of the survey itself is on founda- tions in ethical and other normative theory rather than highly technical details. I begin by locating the standard approach to discounting within the overall landscape of ethical theory, and explaining (...)
    Download  
     
    Export citation  
     
    Bookmark   28 citations  
  • A new defence of probability discounting.Kian Mintz-Woo - 2017 - In Adrian J. Walsh, Säde Hormio & Duncan Purves (eds.), The Ethical Underpinnings of Climate Economics. Routledge. pp. 87-102.
    When probability discounting (or probability weighting), one multiplies the value of an outcome by one's subjective probability that the outcome will obtain in decision-making. The broader import of defending probability discounting is to help justify cost-benefit analyses in contexts such as climate change. This chapter defends probability discounting under risk both negatively, from arguments by Simon Caney (2008, 2009), and with a new positive argument. First, in responding to Caney, I argue that small costs and benefits need to be evaluated, (...)
    Download  
     
    Export citation  
     
    Bookmark   6 citations  
  • Climate Ethics: Justifying a Positive Social Time Preference.Joseph Heath - 2017 - Journal of Moral Philosophy 14 (4):435-462.
    _ Source: _Page Count 28 Recent debates over climate change policy have made it clear that the choice of a social discount rate has enormous consequences for the amount of mitigation that will be recommended. The social discount rate determines how future costs are to be compared to present costs. Philosophers, however, have been almost unanimous in endorsing the view that the only acceptable social rate of time preference is zero, a view that, taken literally, has either absurd or extremely (...)
    Download  
     
    Export citation  
     
    Bookmark   12 citations  
  • Descriptive versus Prescriptive Discounting in Climate Change Policy Analysis.Kelleher J. Paul - 2017 - Georgetown Journal of Law and Public Policy 15:957-977.
    This paper distinguishes between five different approaches to social discount rates in climate change economics, criticizes two of these, and explains how the other three are to some degree mutually compatible. It aims to shed some new light on a longstanding debate in climate change economics between so-called “descriptivists” and “prescriptivists” about social discounting. The ultimate goal is to offer a sketch of the conceptual landscape that makes visible some important facets of the debate that very often go unacknowledged.
    Download  
     
    Export citation  
     
    Bookmark   3 citations  
  • Pure time preference in intertemporal welfare economics.J. Paul Kelleher - 2017 - Economics and Philosophy 33 (3):441-473.
    Several areas of welfare economics seek to evaluate states of affairs as a function of interpersonally comparable individual utilities. The aim is to map each state of affairs onto a vector of individual utilities, and then to produce an ordering of these vectors that can be represented by a mathematical function assigning a real number to each. When this approach is used in intertemporal contexts, a central theoretical question concerns the evaluative weight to be applied to utility coming at different (...)
    Download  
     
    Export citation  
     
    Bookmark   11 citations  
  • Discounting the Future.John Broome - 1994 - Philosophy and Public Affairs 23 (2):128-156.
    Download  
     
    Export citation  
     
    Bookmark   62 citations  
  • The Moral Challenge of Dangerous Climate Change: Values, Poverty, and Policy.Darrel Moellendorf - 2014 - Cambridge University Press.
    This book examines the threat that climate change poses to the projects of poverty eradication, sustainable development, and biodiversity preservation. It offers a careful discussion of the values that support these projects and a critical evaluation of the normative bases of climate change policy. This book regards climate change policy as a public problem that normative philosophy can shed light on. It assumes that the development of policy should be based on values regarding what is important to respect, preserve, and (...)
    Download  
     
    Export citation  
     
    Bookmark   36 citations  
  • Energy Policy and the Social Discount Rate.J. Paul Kelleher - 2012 - Ethics, Policy and Environment 15 (1):45 - 50.
    Ethics, Policy & Environment, Volume 15, Issue 1, Page 45-50, March 2012.
    Download  
     
    Export citation  
     
    Bookmark   4 citations  
  • Managing the Global Commons: The Economics of Climate Change.William D. Nordhaus - 1997 - Environmental Values 6 (1):106-108.
    Download  
     
    Export citation  
     
    Bookmark   19 citations  
  • Reasons and Persons.Derek Parfit - 1984 - Oxford, GB: Oxford University Press.
    Challenging, with several powerful arguments, some of our deepest beliefs about rationality, morality, and personal identity, Parfit claims that we have a false view about our own nature. It is often rational to act against our own best interersts, he argues, and most of us have moral views that are self-defeating. We often act wrongly, although we know there will be no one with serious grounds for complaint, and when we consider future generations it is very hard to avoid conclusions (...)
    Download  
     
    Export citation  
     
    Bookmark   2886 citations  
  • Climate change and the future: Discounting for time, wealth, and risk.Simon Caney - 2009 - Journal of Social Philosophy 40 (2):163-186.
    This paper examines explore the issues of intergenerational equity raised by climate change. A number of different reasons have been suggested as to why current generations may legitimately favor devoting resources to contemporaries rather than to future generations. These - either individually or jointly - challenge the case for combating climate change. In this paper, I distinguish between three different kinds of reason for favoring contemporaries. I argue that none of these arguments is persuasive. My answer in each case appeals (...)
    Download  
     
    Export citation  
     
    Bookmark   42 citations  
  • (1 other version)Reason in a Dark Time: Why the Struggle Against Climate Change Failed -- And What It Means for Our Future.Dale Jamieson - 2014 - New York, US: Oup Usa.
    From the 1992 Rio Earth Summit to the 2009 Copenhagen Climate Conference there was a concerted international effort to stop climate change. This book is about what climate change is, why we failed to stop it, and why it still matters what we do.
    Download  
     
    Export citation  
     
    Bookmark   78 citations  
  • Two Moral Arguments for a Global Social Cost of Carbon.Kian Mintz-Woo - 2018 - Ethics, Policy and Environment 21 (1):60-63.
    [Comment] Donald Trump’s executive order on energy limits the costs and benefits of carbon to domestic sources. The argument for this executive order is that carbon policies should not be singled out from other policies as globally inclusive. Two independent arguments are offered for adopting a global social cost of carbon. The first is based on reinforcing norms in the face of commons tragedies. The second is based on the limitations of consequentialist analyses. We can distinguish consequences for which probabilistic (...)
    Download  
     
    Export citation  
     
    Bookmark   8 citations  
  • Moral Uncertainty Over Policy Evaluation.Kian Mintz-Woo - 2018 - Erasmus Journal for Philosophy and Economics 11 (2):291-294.
    [Dissertation summary] When performing intertemporal cost-benefit analyses of policies, both in terms of climate change and other long-term problems, the discounting problem becomes critical. The question is how to weight intertemporal costs and benefits to generate present value equivalents. This thesis argues that those best placed to answer the discounting problem are domain experts, not moral philosophers or the public at large. It does this by arguing that the discounting problem is a special case of an interesting class of problems, (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • Climate change, intergenerational equity and the social discount rate.Simon Caney - 2014 - Politics, Philosophy and Economics 13 (4):320-342.
    Climate change is projected to have very severe impacts on future generations. Given this, any adequate response to it has to consider the nature of our obligations to future generations. This paper seeks to do that and to relate this to the way that inter-generational justice is often framed by economic analyses of climate change. To do this the paper considers three kinds of considerations that, it has been argued, should guide the kinds of actions that one generation should take (...)
    Download  
     
    Export citation  
     
    Bookmark   31 citations  
  • Three conceptions of intergenerational justice.Partha Dasgupta - 2005 - In Hallvard Lillehammer & David Hugh Mellor (eds.), Ramsey's Legacy. Oxford, England: Oxford University Press. pp. 149--69.
    Download  
     
    Export citation  
     
    Bookmark   4 citations  
  • The Economics of Climate Change.Nicholas Stern - 2007 - Environmental Values 16 (4):532-536.
    Download  
     
    Export citation  
     
    Bookmark   190 citations