All pages with keywords: uncertainty
Consumption smoothing and the welfare cost of uncertainty
When agents are unable to smooth consumption and have distorted beliefs about the likelihood of future income realisations, uncertainty about future states of the world has a direct effect on … read more »
Should climate policy account for ambiguity?
Climate change is fundamentally an `out-of-sample’ problem – our available information does not tightly constrain predictions of the consequences of rapid increases in greenhouse gas concentrations. Moreover, the fact that … read more »
Grantham Seminar – “Integrated Assessment of Climate Change under Uncertainty”
Christian Traeger, Assistant Professor at the Department of Agricultural & Resource Economics, UC Berkeley, will be the speaker for this seminar. Abstract from Christian’s paper: “Analytic Integrated Assessment and Uncertainty” … read more »
Coordination under threshold uncertainty in a public goods game
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game. Whereas all groups succeeded in providing the public good when the … read more »
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