Not exact matches
The
choice of discount rate is
rather subjective, and a case can certainly be made that the 1.4 % value used in the Stern Review is reasonable.
wikipedia mentions something about maximum ignorance which goes
rather my way than making
subjective prior
choices.
This is not a matter of
subjective model
choice but,
rather, of selecting a model that can be demonstrated as capturing the inherent behavior of the process in question.