(ambiguity). Non-parametric statistical analyses and parametric regressions yield results that are reasonably consistent with … classical studies on voluntary contributions to public goods. The Nash equilibrium, under the assumption of risk neutrality …

of these findings for the debate upon discounting and sustainability under uncertainty. Ce texte étudie la différence …This paper distinguishes relative risk aversion and resistance to intertemporal substitution in climate risk modeling …. It shows that higher risk aversion increases the optimal carbon tax. Higher resistance to intertemporal substitution …

probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation …

We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …

representative policymaker's utility function (as in the literature on ambiguity), a reference model (as in robust control theory) or …

Agents face an ambiguous risk of biodiversity survival as well as ambiguous expected losses from its extinction. As a …'être. Low risk will provoke unconditional social free-riding in both models. Les agents font face à un risque ambigu quant à la …

with ambiguity about both volatility and drift. Corresponding extensions of some basic results in asset pricing theory are …

8% in nominal terms, whereas the real rate should be 6%. Should be calculated without a risk premium. Should apply to …

exposition to downside risk and promoting exposition to upside opportunities. It stands at the hinge between pure finance and … other areas of decision making under risk such as project evaluation, market entry and exit, organizational restructuring … financial systems rests primarily on proper risk assessment and management in project evaluation. The real options approach is …