Reflections Uncertainty and Decision Making in Climate Change Economics

By Geoffrey M. Heal, Antony Millner. 2014

202 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8893a5e8f72dbc6acb0318e84687a9abb7a0e1c0

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In Economics and Econometrics

Citations in the corpus

Population health effects and health-related costs of extreme temperatures: Comprehensive evidence from Germany (2018, background): “Given the difficulty and inherent uncertainty of making such long-term predictions (Heal and Millner, 2014), we focus on the monetized health effects of one additional hot day for the following reasons: (i) Additional hot days are very plausible”
Tipping elements and climate–economic shocks: Pathways toward integrated assessment (2016, background): “However, because conventional benefit–cost analysis performs poorly when expert disagreement on probability is too large, alternative approaches for robust decision making may be better suited to the context of tipping elements and climate–economic shocks [Heal and Millner, 2014].”
A Third Wave in the Economics of Climate Change (2015, background): “And even if a single well-specified utility function were appropriate, debate continues over the various parameters—including the pure rate of time preference and the elasticity of marginal utility in the standard expected utility framework—that are needed to undertake the analysis (Atkinson et al. ”
Evolving Understanding of Antarctic Ice‐Sheet Physics and Ambiguity in Probabilistic Sea‐Level Projections (2017, background): “The breadth of published projections, as well as of remaining structural uncertainties, highlight the fact that future sea-level rise remains an arena of deep uncertainty [Kasperson, 2008; Heal and Millner, 2014].”