This paper deals with the question of whether for biodiversity an Environmental Kuznets Curve (EKC) exists. In addition, we are interested in identifying the key determinants of the falling limb of such a curve. An Environmental Kuznets Curve here is understood to be a graphical representation...

This paper reports the results of an experiment that brings together psychological measures of competence and overconfidence with laboratory economic measures of individual valuations of uncertainty. We examine the valuations of risky and ambiguous lotteries in a financial decision context. The...

When valuing risky prospects, people typically overweight small probabilities and underweight medium and large probabilities, but there is vast heterogeneity in individual behavior. We explore the relationship between person-specific probability weights, estimated from investment decisions in a...

This paper describes the mechanisms that link poverty reduction with climate and energy policy. First, there is a brief analysis of the relationship between ongoing climate change, energy use and poverty. This analysis is followed by an overview of different policy options that have the...

How does risk tolerance vary with stake size? This important question cannot be adequately answered if framing effects, nonlinear probability weighting, and heterogeneity of preference types are neglected. We show that, contrary to gains, no coherent change in relative risk aversion is observed...

The primary aim of this reference volume is to provide an accessible and comprehensive review of current methods used to address resource evaluation and environmental as well as climate issues, and in a manner easily understood by decision-makers and the non-economists interested in...