role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …

expectations of climate change (climate projections), and is influenced by both risk (annual variability in climate projections …) and ambiguity (inability to assign probabilities to various climate projections). We show that the effect of risk on the …