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discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for …
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discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for …
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distinguished from the attitude toward uncertainty, which is drawn from her preferences. Decision making under ambiguity is a …This paper introduces a new model of decision making under uncertainty. Aiming to provide a more realistic depiction of … decision making, it generalizes the von Neumann–Morgenstern theory by including additional tiers of uncertainty. In this model …
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