I assume this is 3% real (adjusted for inflation) discount rate. This is actually similar to global per capita income growth. Since a dollar is worth less to a rich person (logarithmic utility), EAs are generally ok with discounting at the economic growth rate. This means we are valuing the utility of future generations the same as present generations.
I assume this is 3% real (adjusted for inflation) discount rate. This is actually similar to global per capita income growth. Since a dollar is worth less to a rich person (logarithmic utility), EAs are generally ok with discounting at the economic growth rate. This means we are valuing the utility of future generations the same as present generations.