Owen Muir:«If the afterlife has infinite duration, then no matter how long you wait to deflower your 72nd virgin, you’ll still be looking at an infinitely long virgin-less future thereafter. (More abstractly, the question is how to allocate your consumption of a finite non-durable good over an infinite period of time.) To begin with, assume the existence of a discount rate.»
Friday, August 19, 2005
Economics in Jinna
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