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Ambiguity and Climate Policy

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NBER2010-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16050
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Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. Yet our knowledge of the impacts of climate change may not be of sufficient quality to justify probabilistic beliefs. In such circumstances it has been argued that the axioms of expected
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2010-06-01
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