And supportive constituencies matter if you want to do more ambitious things, given that warnings about long-term climate impacts are beyond many politicians' time horizons and pale next to the desire for economic growth.
But critics of perceived executive excess have been frustrated by shareholder passivity, which is sometimes blamed on the short time horizons of many investors.So is there a cure?
Based on hind-casting experiments we show that this works well, making it possible to collapse the forecast errors for many different technologies at different time horizons onto the same universal distribution.
Furthermore, all scenarios had a time horizon of 5 years to meet the requirements of many European reimbursement authorities who prefer extensions to time horizons reflecting their budgeting process (typically for 3 5 years).
The historic stock decline means there are many opportunities now for those managers with cash, courage and long time horizons.
However, political decisions tend to be driven by short term election period perspectives, and hence the long term horizons of many prevention policies may not always align with political decision-makers' time horizons.
Many financial planners suggest that seemingly healthy people base their calculation using longer time horizons.
In many cases, you can lock in your return for 10- to 20-year time horizons.
