Open Access
Moral Uncertainty Over Policy Evaluation
Author(s) -
Kian MintzWoo
Publication year - 2018
Publication title -
erasmus journal for philosophy and economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.121
H-Index - 9
ISSN - 1876-9098
DOI - 10.23941/ejpe.v11i2.351
Subject(s) - discounting , economics , value (mathematics) , class (philosophy) , cost–benefit analysis , term (time) , mathematical economics , positive economics , microeconomics , epistemology , computer science , political science , philosophy , law , finance , machine learning , physics , quantum mechanics
When performing intertemporal cost-benefit analyses of policies, both in terms of climate change and other long-term problems, the discounting problem becomes critical. The question is how to weight intertemporal costs and benefits to generate present value equivalents. This thesis argues that those best placed to answer the discounting problem are domain experts, not moral philosophers or the public at large. It does this by arguing that the discounting problem is a special case of an interesting class of problems, those which are both what I call morally complex and quantitative.