DeCanio, Stephen J.; Manski, Charles F.; Sanstad, Alan H. - National Bureau of Economic Research - 2022
) decision criterion to account for deep uncertainty in climate modeling. Here we study choice of climate policy that minimizes … maximum regret with deep uncertainty regarding both the correct climate model and the appropriate time discount rate to use in … normative uncertainty about the appropriate rate. The findings regarding climate policy are novel and informative. The MMR …