Gollier, Christian; Weitzman, Martin L. - In: Economics Letters 107 (2010) 3, pp. 350-353
The so-called "Weitzman-Gollier puzzle" is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future discount rates appear to give diametrically opposed results. The puzzle is resolved when agents optimize their consumption plans. The long run discount...