uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … relates different results in the literature by switching between different risk measures. It presents a parametric extension …

different channels through which risk affects evaluation, and have the same qualitative effect of making long-term payoffs more …

framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity … resulting representation uses only basic tools from risk analysis, but employs them recursively. The paper extends the concept … of smooth ambiguity aversion to a more general notion of aversion to the subjectivity of belief. As a special case, the …

extends the smooth ambiguity model by providing a threefold disentanglement between, risk aversion, ambiguity aversion, and … (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 …

policy, demonstrating the importance of explicitly modeling tipping points' effects on system dynamics. Aversion to ambiguity … numerical model, ambiguity aversionincreases the optimal carbon tax. …

framework permits a threefold disentanglement of intertemporal substitutability, Arrow-Pratt risk aversion, and smooth ambiguity … resulting representation uses only basic tools from risk analysis, but employs them recursively. The paper extends the concept … of smooth ambiguity aversion to a more general notion of aversion to the subjectivity of belief. As a special case, the …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … relates different results in the literature by switching between different risk measures. It presents a parametric extension …

paper introduces aversion to non-risk uncertainty (ambiguity). Ishow a close formal similarity between the model of … ambiguity aversion. I merge the models, achieving a threefold disentanglement between, risk aversion, ambiguity aversion, and … removes an implicit assumption of (intertemporal or intrinsic) risk neutrality from the standard economic model. Second, the …

policy, demonstrating the importance of explicitly modeling tipping points' effects on system dynamics. Aversion to ambiguity … numerical model, ambiguity aversionincreases the optimal carbon tax. …