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The Conversation
The Conversation
Rahul Ravi, Professor of Finance, Concordia University

From AI companions to climate action, we undervalue what lies ahead

Millions of people around the world now use AI companions — for friendship, emotional support, mental health counselling and romantic interactions. This includes 72 per cent of adolescents, according to one study from the United States.

Meanwhile, human-caused climate change has already led to widespread impacts and rising risks, some of them irreversible. Yet emissions remain high.

As a professor of finance, I see these phenomena as different expressions of the same underlying bias: we apply too high a discount rate to the future.

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