uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule …

knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes …

of the Economic Policy Uncertainty (EPU) on returns of four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple …. For this purpose, two new measures of the EPU (Twitter-based Economic Uncertainty and Twitter-based Market Uncertainty … cryptocurrencies during these periods. These results are robust to consider different measures of the Twitter-based uncertainty as well …

Deep-seated, persistent uncertainty is a pernicious feature of climate change. One key parameter, equilibrium climate … for over thirty-five years. The marginal damages due to temperature increase rise rapidly. Thus, uncertainty in climate … known to be close to a mean value 3.0°C. The costs of this uncertainty are compounded given that the distribution of …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … transformed into marginal effects, in order to represent the changes in the probability of finding a negative significant … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

to climate change. Rather than focusing on uncertainty explicitly, we look at extreme scenarios defined by the upper and …