changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change … decisions. While climate-change uncertainty makes it theoretically impossible to calculate expected profit losses of not …

changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change … decisions. While climate-change uncertainty makes it theoretically impossible to calculate expected profit losses of not …

risk of extreme climate conditions. However, being confronted with inaccurate forecast systems may undermine individuals …

generalized LRR model is as tractable but more flexible due to its separation of ambiguity aversion from both risk aversion and … variance premium puzzle besides the puzzles of the equity premium, the risk-free rate, and the return predictability …. Specifically, the model matches reasonably well key asset-pricing moments with risk aversion under 5. Model calibration shows that …