I’m curious, why apply a 4% discount rate?
You can see their rationale in their public model: https://docs.google.com/spreadsheets/d/1tytvmV_32H8XGGRJlUzRDTKTHrdevPIYmb_uc6aLeas/edit#gid=1362437801
It’s the sum of 1.7% “improving circumstances over time”, 0.9% “compounding non-monetary benefits” and 1.4% “temporal uncertainty”. They have 0.0% “pure time preference”
I’m curious, why apply a 4% discount rate?
You can see their rationale in their public model: https://docs.google.com/spreadsheets/d/1tytvmV_32H8XGGRJlUzRDTKTHrdevPIYmb_uc6aLeas/edit#gid=1362437801
It’s the sum of 1.7% “improving circumstances over time”, 0.9% “compounding non-monetary benefits” and 1.4% “temporal uncertainty”. They have 0.0% “pure time preference”