In Bayesian theory, the data together with the prior produce a posterior. We show that it is also possible to follow … (which is not observable). We then apply the theory to equilibrium climate sensitivity as reported by the Intergovernmental …

Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical … predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the … whether experiencing financial and health-related damage caused by storms affects risk preference of individuals in Germany …

Der Klimawandel birgt sowohl Risiken für den Wert unterschiedlicher Finanzanlagen als auch die Stabilität des …

perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow … for different aversion to risk and intertemporal fluctuations, skewness and dynamics in the risk distributions of climate …

results. To shed a light on these questions, we analyse a sample of 69 transition risk metrics delivered by 9 different … climate transition risk providers and covering the 1,500 firms of the MSCI World index. Our findings show that convergence … between metrics is significantly higher for the firms most exposed to transition risk. We also show that metrics with similar …