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stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …-known puzzles in the climate debate, including (but not limited to) the different uptake of mitigation and adaptation amongst …
Persistent link: https://www.econbiz.de/10010203467
Persistent link: https://www.econbiz.de/10009573429
"The acclaimed author of the influential bestseller The Black Swan, Nicholas Nassim Taleb takes a next big step with a deceptively simple concept: the "antifragile." Like the Greek hydra that grows two heads for each one it loses, people, systems, and institutions that are antifragile not only...
Persistent link: https://www.econbiz.de/10009733793
problems. In an attempt to advance in the modelling of adaptation within IAM models, we apply this methodology to shed some … light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about …
Persistent link: https://www.econbiz.de/10011451547
Persistent link: https://www.econbiz.de/10009734457
premium into the model, results show a substantial increase in both mitigation and adaptation, reflecting a more conservative … attitude by the social planner. Interestingly, adaptation is stimulated more than mitigation in the first half of the century … doubles, than adaptation, which rises by about 80%. …
Persistent link: https://www.econbiz.de/10011492389
We propose a generic framework to characterize climate change adaptation uncertainty according to three dimensions …. We have studied the role of uncertainty in climate change adaptation planning using examples from four Danish water … epistemic (reducible) by nature but uncertainties on adaptation measures are complex, with ambiguity often being added to impact …
Persistent link: https://www.econbiz.de/10010994759
buffer and areas of saline vegetation. Under present deltaic evolution with no sediment supply, adaptation is considered a …
Persistent link: https://www.econbiz.de/10010996324
of psychological adaptation effects, we present a model of a rational addict that allows us to explicitly specify beliefs …
Persistent link: https://www.econbiz.de/10005004422
Persistent link: https://www.econbiz.de/10005756036