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A Tale of Tails : Uncertainty and the Social Cost of Carbon Dioxide
Pycroft, Jonathan - 2012
Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...
Persistent link: https://www.econbiz.de/10013210331
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A tale of tails : uncertainty and the social cost of carbon dioxide
Pycroft, Jonathan; Vergano, Lucia; Hope, Chris W.; … - 2011
Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...
Persistent link: https://www.econbiz.de/10010217641
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A tale of tails : uncertainty and the social cost of carbon dioxide
Pycroft, Jonathan; Vergano, Lucia; Hope, Chris W.; … - 2011
Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...
Persistent link: https://www.econbiz.de/10009273416
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The Unconditional Probability Distribution of Future Emission and Temperatures
Venmans, Frank; Carr, Ben - 2022
temperatures for Value at Risk stress tests in 2030, 2050 and 2100 …
Persistent link: https://www.econbiz.de/10014076625
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Climate-related default probabilities
Blanc-Blocquel, Augusto; Ortiz-Gracia, Luis; Sanfelici, … - In: Risks : open access journal 12 (2024) 11, pp. 1-19
Climate risk refers to the risks associated with climate change and has already started to impact various sectors of … the economy. In this work, we focus on the impact of physical risk on the probability of default for a firm in the … of default. We also propose a model to assess the exposure of the firm to transition risk. …
Persistent link: https://www.econbiz.de/10015137901
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The unconditional probability distribution of future emissions and temperatures
Venmans, Frank; Carr, Ben - 2022
Persistent link: https://www.econbiz.de/10013502325
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Automatic and probabilistic foehn diagnosis with a statistical mixture model
Plavcan, David; Mayr, Georg. J.; Zeileis, Achim - 2013
Diagnosing foehn winds from weather station data downwind of topographic obstacles requires distinguishing them from other downslope winds, particularly nocturnal ones driven by radiative cooling. We present an automatic classification scheme to obtain reproducible results that include...
Persistent link: https://www.econbiz.de/10009793089
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A precautionary tale of uncertain tail fattening
Weitzman, Martin L. - In: Environmental & resource economics : the official … 55 (2013) 2, pp. 159-173
Persistent link: https://www.econbiz.de/10009750342
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Expected Utility Theory and the Tyranny of Catastrophic Risks
Buchholz, Wolfgang - 2010
risk aversion is assumed, a "tyranny of catastrophic risk" (TCR) emerges, i.e., project evaluation may be dominated by the … catastrophic event even if its probability is negligibly small. With low degrees of risk aversion, however the catastrophic risk …
Persistent link: https://www.econbiz.de/10013138303
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Expected Utility theory and the tyranny of catastrophic risks
Buchholz, Wolfgang; Schymura, Michael - 2010
risk aversion is assumed, a "tyranny of catastrophic risk" (TCR) emerges, i.e. project evaluation may be dominated by the … catastrophic event even if its probability is negligibly small. With low degrees of risk aversion, however the catastrophic risk … Eintrittswahrscheinlichkeit, wie es etwa beim Klimawandel der Fall sein kann. Nach einem einleitenden Teil zeigen wir in heuristischer Art und …
Persistent link: https://www.econbiz.de/10008652528