Gollier, Christian; Weitzman, Martin - Institut d'Économie Industrielle (IDEI), Toulouse … - 2009
It is not immediately clear how to discount distant-future events, like climate change, when the distant-future discount rate itself is uncertain. The so-called “Weitzman-Gollier puzzle” is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future...