I think it requires either a disagreement in definitions, or very pessimistic views about how tractable certain scientific problems will prove to be, to think that the “transformative” bit will take long enough to impact the discount rate by more than a few percent (total). But yes, it will be non-zero.
I think it requires either a disagreement in definitions, or very pessimistic views about how tractable certain scientific problems will prove to be, to think that the “transformative” bit will take long enough to impact the discount rate by more than a few percent (total). But yes, it will be non-zero.