In both climate change and financial crises, worst-case scenarios and disastrous risks are inescapable. Yet public policy often focuses on average or likely outcomes, minimizing the danger of extreme events. 'Worst-Case Economics: Extreme Events in Climate and Finance' explores the underlying causes and the remedies needed for the most serious climate and financial risks.
In both climate change and financial crises, worst-case scenarios and disastrous risks are inescapable. Yet public policy often focuses on average or likely outcomes, minimizing the danger of extreme events. 'Worst-Case Economics: Extreme Events in Climate and Finance' explores the underlying causes and the remedies needed for the most serious climate and financial risks.
Frank Ackerman is an economist whose extensive research and writing focus on climate change and energy, environmental policy and cost-benefit analysis.
Inhaltsangabe
List of Figures 1. Introduction 2. Steam-engine economics 3. Beyond homo economicus 4. Big and dirty 5. Pictures of improbability 6. Trillions, or only hundreds? 7. Zipf's law and other stories 8. Ants and traders 9. Too big to ignore 10. Climate tipping points and known unknowns 11. Predators and prey 12. Good enough for government work 13. Fat tails and the failure of forecasting 14. Misunderstanding risk 15. Choices beyond calculation 16. Who won World War II? 17. Conclusion Acknowledgments Bibliography Index.
List of Figures 1. Introduction 2. Steam-engine economics 3. Beyond homo economicus 4. Big and dirty 5. Pictures of improbability 6. Trillions, or only hundreds? 7. Zipf's law and other stories 8. Ants and traders 9. Too big to ignore 10. Climate tipping points and known unknowns 11. Predators and prey 12. Good enough for government work 13. Fat tails and the failure of forecasting 14. Misunderstanding risk 15. Choices beyond calculation 16. Who won World War II? 17. Conclusion Acknowledgments Bibliography Index.
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