Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. Yet our … circumstances it has been argued that the axioms of expected utility theory may not be the the correct standard of rationality. By …

probabilistic terms: we are facing deep uncertainty or ambiguity rather than risk in the classical sense, rendering the classical …

The selection of climate policies should be an exercise in risk management reflecting the many relevant sources of … utility theory and benefit-cost analysis. This Perspective highlights the value of robust decision-making tools designed for … stakeholders differ in their degree of risk tolerance. This broader risk management approach enables one to examine a range of …

was 1-3 degrees Fahrenheit. In addition, people with higher risk estimates, whether for temperature or related risks (e …, significant behavioral propensities also emerged. For example, accessibility of neutral information on global warming boosted risk …

markets, such as natural disasters, terrorist attacks, and financial crises—as a problem of risk management. This is … institutional theory that points to stakeholder and institutional dynamics affecting economic incentives to invest in prevention and …

We review and extend the economic analysis of risk and uncertainty as it relates to behavior mitigating health shocks … for risk-sharing in health by pooling the health care spending risk. In a sense, medical innovation involves a current …