Fat-Tailed Uncertainty in the Economics of Catastrophic Climate Change. Weitzman, M. L. Review of Environmental Economics and Policy, 5(2):275–292, June, 2011.
![Fat-Tailed Uncertainty in the Economics of Catastrophic Climate Change [pdf]](https://bibbase.org/img/filetypes/pdf.svg "pdf")
Paper doi abstract bibtex
Paper doi abstract bibtex In this article, I revisit some basic issues concerning structural uncertainty and catastrophic climate change. My target audience here are general economists, so this article could also be viewed as a somewhat less technical exposition that supplements my previous work. Using empirical examples, I argue that it is implausible that low-probability, high-negative impact events would not much influence an economic analysis of climate change. I then try to integrate the empirical examples and the theory together into a unified package with a unified message that the possibility of catastrophic climate change needs to be taken seriously.
@article{weitzman_fat-tailed_2011,
title = {Fat-{Tailed} {Uncertainty} in the {Economics} of {Catastrophic} {Climate} {Change}},
volume = {5},
issn = {1750-6816, 1750-6824},
url = {http://scholar.harvard.edu/files/weitzman/files/fattaileduncertaintyeconomics.pdf},
doi = {10.1093/reep/rer006},
abstract = {In this article, I revisit some basic issues concerning structural uncertainty and catastrophic climate change. My target audience here are general economists, so this article could also be viewed as a somewhat less technical exposition that supplements my previous work. Using empirical examples, I argue that it is implausible that low-probability, high-negative impact events would not much influence an economic analysis of climate change. I then try to integrate the empirical examples and the theory together into a unified package with a unified message that the possibility of catastrophic climate change needs to be taken seriously.},
language = {en},
number = {2},
urldate = {2017-06-10},
journal = {Review of Environmental Economics and Policy},
author = {Weitzman, M. L.},
month = jun,
year = {2011},
keywords = {GA, Untagged},
pages = {275--292},
}Downloads: 0
{"_id":"E6TTehmwdJLuoWBKS","bibbaseid":"weitzman-fattaileduncertaintyintheeconomicsofcatastrophicclimatechange-2011","author_short":["Weitzman, M. L."],"bibdata":{"bibtype":"article","type":"article","title":"Fat-Tailed Uncertainty in the Economics of Catastrophic Climate Change","volume":"5","issn":"1750-6816, 1750-6824","url":"http://scholar.harvard.edu/files/weitzman/files/fattaileduncertaintyeconomics.pdf","doi":"10.1093/reep/rer006","abstract":"In this article, I revisit some basic issues concerning structural uncertainty and catastrophic climate change. My target audience here are general economists, so this article could also be viewed as a somewhat less technical exposition that supplements my previous work. Using empirical examples, I argue that it is implausible that low-probability, high-negative impact events would not much influence an economic analysis of climate change. I then try to integrate the empirical examples and the theory together into a unified package with a unified message that the possibility of catastrophic climate change needs to be taken seriously.","language":"en","number":"2","urldate":"2017-06-10","journal":"Review of Environmental Economics and Policy","author":[{"propositions":[],"lastnames":["Weitzman"],"firstnames":["M.","L."],"suffixes":[]}],"month":"June","year":"2011","keywords":"GA, Untagged","pages":"275–292","bibtex":"@article{weitzman_fat-tailed_2011,\n\ttitle = {Fat-{Tailed} {Uncertainty} in the {Economics} of {Catastrophic} {Climate} {Change}},\n\tvolume = {5},\n\tissn = {1750-6816, 1750-6824},\n\turl = {http://scholar.harvard.edu/files/weitzman/files/fattaileduncertaintyeconomics.pdf},\n\tdoi = {10.1093/reep/rer006},\n\tabstract = {In this article, I revisit some basic issues concerning structural uncertainty and catastrophic climate change. My target audience here are general economists, so this article could also be viewed as a somewhat less technical exposition that supplements my previous work. Using empirical examples, I argue that it is implausible that low-probability, high-negative impact events would not much influence an economic analysis of climate change. I then try to integrate the empirical examples and the theory together into a unified package with a unified message that the possibility of catastrophic climate change needs to be taken seriously.},\n\tlanguage = {en},\n\tnumber = {2},\n\turldate = {2017-06-10},\n\tjournal = {Review of Environmental Economics and Policy},\n\tauthor = {Weitzman, M. L.},\n\tmonth = jun,\n\tyear = {2011},\n\tkeywords = {GA, Untagged},\n\tpages = {275--292},\n}\n\n","author_short":["Weitzman, M. L."],"key":"weitzman_fat-tailed_2011","id":"weitzman_fat-tailed_2011","bibbaseid":"weitzman-fattaileduncertaintyintheeconomicsofcatastrophicclimatechange-2011","role":"author","urls":{"Paper":"http://scholar.harvard.edu/files/weitzman/files/fattaileduncertaintyeconomics.pdf"},"keyword":["GA","Untagged"],"metadata":{"authorlinks":{}}},"bibtype":"article","biburl":"http://bibbase.org/zotero-group/ajello/2099979","dataSources":["EndJaSpcpPJCQnJDH"],"keywords":["ga","untagged"],"search_terms":["fat","tailed","uncertainty","economics","catastrophic","climate","change","weitzman"],"title":"Fat-Tailed Uncertainty in the Economics of Catastrophic Climate Change","year":2011}