WebIn fact, assuming that the expected total number of individuals who ever live is finite, and that each individual’s utility is bounded both above and below, there is a coherent … WebDiscount rate utilitarianism consequentialization Vickrey-Har-sanyi original position Suppes criterion optimal population average versustotal utility intergenerational equity long-run discounting sustainable preferences extinction discounting rule
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Webobjective with extinction discounting that we consider can be derived from an intergenerational variation of the Vickrey{Harsanyi original position.5 In this variation, rather than each individual having the same probability of be-ing selected, each has the same conditional probability given the event that Web1. a strong argument, claiming that failing to discount future generations would lead to a logical inconsistency; 2. a weak argument, claiming that failing to discount future … shrimp in cream sauce recipes for dinner
Optimal harvesting, economic discounting and extinction …
WebFor a potentially infinite population facing an exogenous stochastic process of extinction, an equitable extinction biased original position requires equal conditional probabilities, given that the individual’s generation survives the extinction process. WebMoreover, it implies the “extinction discounting rule” advocated by, inter alia, the Stern Review on climate change. JEL-codes: D63 D70 D90 Q54 Q56 (search for similar items in EconPapers) Date: 2024 New Economics Papers: this item is included in nep-dem, nep-hpe, nep-mic and nep-upt Spontaneous recovery from extinction and recovery from extinction caused by reminder treatments (reinstatement) It is a well-established observation that a time-out interval after completion of extinction results in partial recovery from extinction, i.e., the previously extinguished reaction or response recurs—but usually at a lower level than before extinction training. Reinstatement refers to the phenomenon that exposure to the US from training alone after com… shrimp in creamy dill sauce