LANGE Andreas

TREICH Nicolas

English

Research Papers in Economics

A Smooth Model of Decision Making under Ambiguity.

Buying Greenhouse Insurance: The Economic Cost of CO2 Emissions Limits.

Characterizing Uncertainty Aversion Through Preference for Mixtures.

Comparison of Experiments.

Decision-Making and the Temporal Resolution of Uncertainty.

Dynamic Consistency and Non-Expected Utility Models of Choice under Uncertainty.

Economics and Financial Decisions under Risk.

Environmental Preservation, Uncertainty and Irreversibility,

Essays in the Theory of Risk Bearing.

Expected Utility with Purely Subjective Non-Additive Probabilities,

For a complete demonstration and intuition of this result, see Eeckhoudt, Gollier and Treich

Fundamental Irreversibility in Stock Externalities.

General Proof that Diversification Pays.

Increasing Risk I: A Definition.

Increasing Risk II: Its Economic Consequences.

Inequalities.

Intergovernmental Panel on Climate Change (IPCC).

Investment Decisions under Uncertainty: the ‘Irreversibility Effect.

Le Comportement de l’Homme Rationnel devant le Risque: Critiques des Postulats et Axiomes de l’Ecole Américaine.

Learning and international environmental agreements, mimeo.

Let us start with the notion of partial uncertainty. This notion builds on the literature on stochastic dominance which dates back to the mathematicians Hardy, Littlewood and Polya

Managing the Global Commons.

Maximin Expected Utility with Non-Unique Prior.

Microeconomic Theory,

Nonexpected Utility as Aversion to Information.

Optimal Consumption and the Timing of the Resolution of Uncertainty.

Prospect Theory: An Analysis of Decision Under Risk.

Quasi-option Value and Climate Policy Choices.

Recent Developments in Modeling Preferences: Uncertainty and Ambiguity,

Reconnaissance in Game Theory. The Rand Corporation.

Recursive Smooth Ambiguity Preferences, Working Paper.

Risk Ambiguity and the Savage Axioms,

Risk Aversion in the Small and in the Large.

Savings under Uncertainty: The Precautionary Demand for Savings.

Scientific Progress and Irreversibility: An Economic Interpretation of the Precautionary Principle.

Subjective Judgments by Climate Experts,

Subjective Probability and Expected Utility Without Additivity,

The Analytics of Uncertainty and Information.

The effect of uncertainty, learning and ambiguity in the “resource depletion model” In this section, we give some formal insights to sign the effect of uncertainty, learning and ambiguity in the Example 2, that is when the DM’s primitive utility equals

The general notion of partial learning relies on that of a better information structure. It dates back to the mathematicians Bohnenblust,

This irreversible decision would indeed prevent the DM from taking advantage of information in the future. This is a general result coined the ‘irreversibility effect’ (Henry,

Using Marschak and Miyasawa (1968)’s definition, Epstein

Uncertainty, Learning and Ambiguity in Economic Models on Climate Policy: Some Classical Results and New Directions

http://www2.toulouse.inra.fr/lerna/travaux/cahiers2007/07.16.237.pdf

Uncertainty, Learning and Ambiguity in Economic Models on Climate Policy: Some Classical Results and New Directions

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Research Papers in Economics