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dc.contributor.authorWeitzman, Martin L.
dc.date.accessioned2014-09-11T19:31:15Z
dc.date.issued2013
dc.identifierQuick submit: 2014-09-08T15:25:52-04:00
dc.identifier.citationWeitzman, Martin L. 2013. “A Precautionary Tale of Uncertain Tail Fattening.” Environmental and Resource Economics 55, no. 2: 159–173.en_US
dc.identifier.issn0924-6460en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:12840806
dc.description.abstractSuppose that there is a probability density function for how bad things might get, but that the overall rate at which this probability density function slims down to approach zero in the tail is uncertain. The paper shows how a basic precautionary principle of tail fattening could then apply. The worse is the contemplated damage, the more should a decision maker consider the bad tail to be among the relatively fatter-tailed possibilities. A rough numerical example is applied to the uncertain tail distribution of climate sensitivity.en_US
dc.description.sponsorshipEconomicsen_US
dc.language.isoen_USen_US
dc.publisherSpringer Science + Business Mediaen_US
dc.relation.isversionofdoi:10.1007/s10640-013-9646-yen_US
dash.licenseMETA_ONLY
dc.subjectClimate changeen_US
dc.subjectFat tailen_US
dc.subjectUncertaintyen_US
dc.subjectCatastropheen_US
dc.titleA Precautionary Tale of Uncertain Tail Fatteningen_US
dc.typeJournal Articleen_US
dc.date.updated2014-09-08T19:25:53Z
dc.description.versionVersion of Recorden_US
dc.rights.holderMartin L Weitzman
dc.relation.journalEnvironment and Resource Economicsen_US
dash.depositing.authorWeitzman, Martin L.
dash.embargo.until10000-01-01
dc.identifier.doi10.1007/s10640-013-9646-y*
workflow.legacycommentsitem accidentally committed by Mitu; item needs reassessment
dash.contributor.affiliatedWeitzman, Martin


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