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Intra- and intergenerational discounting in the climate game

Author

Listed:
  • 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)

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.

Suggested Citation

  • Jennifer Jacquet & Kristin Hagel & Christoph Hauert & Jochem Marotzke & Torsten Röhl & Manfred Milinski, 2013. "Intra- and intergenerational discounting in the climate game," Nature Climate Change, Nature, vol. 3(12), pages 1025-1028, December.
    • Handle: RePEc:nat:natcli:v:3:y:2013:i:12:d:10.1038_nclimate2024
    DOI: 10.1038/nclimate2024
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