
Published online:
31 October 2023
Published in print:
17 April 2017
Online ISBN:
9780197592656
Print ISBN:
9780195368574
Contents
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Asbestos – What Happens To A Ban Deferred? Asbestos – What Happens To A Ban Deferred?
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Valuing Life Saving Regulation – The Problem of Time Valuing Life Saving Regulation – The Problem of Time
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Disaggregating Discounting – Latency Versus Benefits To Future Generations Disaggregating Discounting – Latency Versus Benefits To Future Generations
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Latency: Preferring Safety Sooner Rather Than Later Latency: Preferring Safety Sooner Rather Than Later
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Future Selves Future Selves
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Dread Dread
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Involuntary Risks Involuntary Risks
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Suffering Suffering
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Conclusion Conclusion
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Chapter
Fallacy 5: People Always Want to Put Off Bad Things
Get access
Pages
95–106
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Published:April 2017
Cite
Revesz, Richard l., and Michael A Livermore, 'Fallacy 5: People Always Want to Put Off Bad Things', Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Environment and Our Health (New York, NY , 2017; online edn, Oxford Academic, 31 Oct. 2023), https://doi.org/10.1093/oso/9780195368574.003.011, accessed 28 Apr. 2025.
Abstract
The next two chapters should be considered a pair, in that they both address the issue of discounting in cost-benefit analysis. Discounting is a technique that marks down future dollars to translate them into present dollars. It assumes that because people prefer immediate gratification, a dollar today is worth more than a dollar next year (even correcting for inflation). This assumption under-girds the sentiment, “I’d gladly pay you Tuesday for a hamburger today.”
Keywords:
Corrosion Proof Fittings v. EPA, Human Spirit, Toxic Substances Control Act, and asbestos ban, and discounting
Subject
Politics
Collection:
Oxford Scholarship Online
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