value or policy functionapproximations, and reductions of the uncertainty domain. The paper promotes astate reduced …

his confidence in the uncertainty assessment of a particular setting. …

We analyze the impact of damage uncertainty on optimal mitigation policies in the integrated assessment of climate … deriving optimal policy rules under persistent uncertainty. For this purpose,we construct a close relative of the DICE model in … aversion, and aversion to intertemporal substitution. We analyze different ways how damage uncertainty can affect the DICE …

The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … general class of preferences for which uncertainty implies a reduction of the discount rate. It also characterizes how the …

Uncertainty has an almost negligible impact on project value in the economicstandard model. I show that a comprehensive … evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate … respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic social discount …

his confidence in the uncertainty assessment of a particular setting. …

The uncertainty of future economic development affects the term structure of discount rates and, thus, the … to incorporate uncertainty and the U.S. is consideringa similar step. A series of publications discusses the following …