this phenomenon focus on rational gamblers who overbet longshots due to risk-love. The competing behavioral explanations …

towards risk. We find that the uncertainty associated with anthropogenic climate change imply carbon taxes much higher than …

We propose and implement a procedure to dynamically hedge climate change risk. To create our hedge target, we extract … hedge portfolios. We discipline the exercise by using third-party ESG scores of firms to model their climate risk exposures … managing climate risk …

number of features including potential tail risk, exogenous and endogenous technological change, and backstop technologies … delay. We decompose the optimal carbon price into two components: expected discounted damages and the risk premium …

In the typical asset market, an asset featuring uninsurable idiosyncratic risk must offer a higher rate of return to … compensate risk-averse investors. A home offers a standard asset's risk and return opportunities, but it also bundles access to … research design will underestimate the valuation of climate risk for households in low-risk cities while overestimating the …

was 1-3 degrees Fahrenheit. In addition, people with higher risk estimates, whether for temperature or related risks (e …, significant behavioral propensities also emerged. For example, accessibility of neutral information on global warming boosted risk …