risk and uncertainty and outlines boundary conditions for this positive effect of uncertainty that have direct practical …

characterization are bound to yield Bayesianly incorrect generalizations. In the Bayesian way of thinking, information risk impacts the …

assessment model (IAM) with long-run risk, adapting methods from the asset pricing literature to deal with endogenous climate … risk. The model solves in closed-form for general degrees of risk aversion, stochastic climate feedbacks, and a stochastic …

-contingent consumer's surplus and the state-contingent marginal utility of wealth and a second term representing risk aversion. This … consumer's surplus is determined by the covariance between preferences and consumer's surplus and risk aversion. The sign of …. We then apply this result to the allocation of risk in the context of both public and private goods. In Section 3, we …

organizations, practitioners working in the field of risk management …

chapter provides an overview of our ongoing work. The starting point is the Knightian distinction between risk and uncertainty …. In our view, traditional contracting techniques and traditional contract law address problems of risk. Braiding, or …