Pricing the planet's future the economics of discounting in an uncertain world - Gollier, Christian (Princeton University Press, 2013)
Includes bibliographical references and index
Three ways to determine the discount rate -- The Ramsey Rule -- Extending the Ramsey Rule to an uncertain economic growth -- Random walk and mean-reversion -- Markov switches and extreme events -- Parametric uncertainty and fat tails -- The Weitzman argument -- A theory of the decreasing term structure of discount rates -- Inequalities -- Discounting non-monetary benefits -- Alternative decision criteria -- Evaluation of risky projects -- The option value of uncertain projects -- Evaluation of non-marginal projects