After reading Theory and Practice in Policy Analysis chapter 7
by M. Granger Morgan, Please answer the below Questions:
In what situations is simple financial discounting
appropriate?
Is a “real options” perspective better? In what ways?
Are discount rates constant?
Should we use the same discount rate for different decisions, or
are there situation-specific rates?
Are things more remote spatially similar to those that are more
remote temporally: does a “spatial discount rate” make sense?
In general, what do you...