We construct an endogenous (Bayesian) learning model with fat-tailed uncertainty on the equilibrium climate sensitivity …. We find that the uncertainty is partially resolved over time, although the rate of learning is relatively slow, and the …-effect of deep uncertainty. This is intuitive in that the decision maker fully utilizes the information revealed to reduce …

-making under conditions of extreme uncertainty, to examine the conditions under which technology incentives should be a key … potential adopters can reduce their uncertainty about the performance of new technologies by querying the experience of other …