Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to …. The simulations show that aversion to this tipping point risk has little effect. For climate sensitivity of realistic …

a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that … permit a more comprehensive risk evaluation. These preference representations differ regarding the consistency requirements …

assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …

We assess whether public sector employees have a stronger inclination to serve others and are more risk averse than …

stochastic and forest owners are either risk neutral or risk averse. In the case of risk-neutral forest owner higher yield tax … for lump-sum tax and for the tax on interest rate earnings, while the cash flow tax is neutral. Under risk aversion the … optimal harvesting threshold is lower and the expected rotation period shorter than under risk neutrality both in the single …

and the pure time discount rate, there is distributional neutrality between the two periods. Otherwise, changes of risk …

reasonable, since it can be justified by assuming a plausible degree of risk aversion. …