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| DOI | 10.1016/j.socec.2024.102188 |
| Uncertainty and climate change: The IPCC approach vs decision theory | |
| Xepapadeas, Anastasios | |
| 发表日期 | 2024 |
| ISSN | 2214-8043 |
| EISSN | 2214-8051 |
| 起始页码 | 109 |
| 卷号 | 109 |
| 英文摘要 | Uncertainty is one of the most important challenges in the study of climate change and its interactions with the economy. This paper looks at this uncertainty from two different points of view. The first one is the way in which the IPCC deals with uncertainty in its reports, and the way in which that uncertainty is communicated. The IPCC approach is implemented using a combination of quantitative and qualitative methods as well as heuristics. The IPCC studies climate change, its evolution, and its impact in a context which, in terms of the decision -making approach, is akin to analysis under risk. The second point of view is the one adopted by decision theory, which deals with uncertainty in the Knightian sense and, more specifically, with uncertainty that is manifested in multiple probabilistic models or priors. The presence of multiple priors is associated with ambiguity aversion and misspecification concerns that necessitate the use of maxmin optimizing approaches. The IPCC and the decision theory approaches are briefly reviewed and compared, with the objective of finding ways to accommodate the concept of risky parameters or impacts of the IPCC framework within the framework of optimization under uncertainty in multiple probabilistic models. |
| 英文关键词 | Climate change; IPCC; Risk; Uncertainty; Misspecification; Ambiguity aversion |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics |
| WOS类目 | Economics |
| WOS记录号 | WOS:001196655600001 |
| 来源期刊 | JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS
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| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/307456 |
| 作者单位 | University of Bologna; Athens University of Economics & Business |
| 推荐引用方式 GB/T 7714 | Xepapadeas, Anastasios. Uncertainty and climate change: The IPCC approach vs decision theory[J],2024,109. |
| APA | Xepapadeas, Anastasios.(2024).Uncertainty and climate change: The IPCC approach vs decision theory.JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS,109. |
| MLA | Xepapadeas, Anastasios."Uncertainty and climate change: The IPCC approach vs decision theory".JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS 109(2024). |
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