I’ve referred to this latter point as candy bar extinction; using fixed discount rates, a candy bar is better than preventing extinction with certainty after some number of years. (And with moderately high discount rates, the number of years isn’t even absurdly high!)
I’ve referred to this latter point as candy bar extinction; using fixed discount rates, a candy bar is better than preventing extinction with certainty after some number of years. (And with moderately high discount rates, the number of years isn’t even absurdly high!)