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This paper analyzes decisions on emissions of a stock pollutant under uncertainty in a two period model. Decisions are …
Persistent link: https://www.econbiz.de/10010298092
future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010281940
• This paper reviews both published and emerging research on different risks retirees face and possible solutions financial planners can use to help clients overcome behavioral hurdles.• Risk assessment questions that measure loss aversion, as well as reducing myopic behavior, can help keep...
Persistent link: https://www.econbiz.de/10012961137
We provide a microeconomic analysis of the incentive and welfare effects of idiosyncratic return risk. While most of the existing literature has focused on risky returns as an aggregate shock, we allow for correlation between returns and the agent's non-financial endowment. Using a simple...
Persistent link: https://www.econbiz.de/10012852575
the effect of two-sided uncertainty. A matched behavioural experiment shows that respondents are significantly loss …-averse. We conclude that downside risk is an important determinant of happiness and of economic decisions under uncertainty …
Persistent link: https://www.econbiz.de/10013055066
future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010544183
The crises of both the climate and the biosphere are manifestations of the imbalance between human extractive, and polluting activities and the Earth's regenerative capacity. Planetary boundaries define limits for biophysical systems and processes that regulate the stability and life support...
Persistent link: https://www.econbiz.de/10014436822
This paper analyzes decisions on emissions of a stock pollutant under uncertainty in a two period model. Decisions are …
Persistent link: https://www.econbiz.de/10005097621
under uncertainty. …
Persistent link: https://www.econbiz.de/10011113704
Ever since the emergence of economics as a distinct scientific discipline, policy makers have turned to economic models to guide policy interventions. If policy makers seek to enhance growth of an open capitalist economy, they have to take into account, firstly, the uncertainties,...
Persistent link: https://www.econbiz.de/10011422415