The model has been stretched and applied to things that it shouldn't be applied to. For example, discounting the future. Economists do something cost benefit analysis for climate change mitigation. And with any kind of positive discount rate, those costs of climate change disappear. So everything is sert o waited toward the immediate present. If you're an individual making a decision at a point and time, that makes sense,. but not if youare making decision on behalf of society.

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