Discuss Arguments for and Against Setting High Discount Rates

question 36

Essay

Discuss arguments for and against setting high discount rates.

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Definitions:

Prosocial Behaviour

Voluntary behavior intended to benefit another, such as helping, sharing, or providing comfort, which is motivated by empathy, moral principles, or a desire for social approval.

Mob Violence

Acts of aggression and violence carried out by a large group of people acting together.

Bystander Effect

The bystander effect is a social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.