Intra- and intergenerational discounting in the climate game

Jennifer Jacquet (), Kristin Hagel, Christoph Hauert, Jochem Marotzke, Torsten Röhl and Manfred Milinski
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Jennifer Jacquet: Environmental Studies, New York University
Kristin Hagel: Max-Planck-Institute for Evolutionary Biology
Christoph Hauert: University of British Columbia
Jochem Marotzke: Max-Planck-Institute for Meteorology
Torsten Röhl: Research Group Evolutionary Theory, Max-Planck-Institute for Evolutionary Biology
Manfred Milinski: Max-Planck-Institute for Evolutionary Biology

Nature Climate Change, 2013, vol. 3, issue 12, 1025-1028

Abstract: The role of temporal discounting in group decisions is poorly understood. A group experiment on collective risk in the context of climate change is used to analyse cooperative behaviour under different timeframes for the realization of the cooperation benefits. Results show that gains that are delayed significantly into the future—intergenerational discounting—markedly diminish cooperation.

Date: 2013
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DOI: 10.1038/nclimate2024

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