1 result — Climate Insights Directory

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intitle:: The document title intitle:"climate education"
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insummary:: Summary and key findings insummary:"conflict of interest"
hasconcept:: Climate tags, frame/perspective and analysis type hasconcept:"Climate Justice"
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1 result

DateDocumentOrganization and typeRegions

March 2012
Epstein-Zin utility in DICE: Is risk aversion irrelevant to climate policy?
This research paper introduces a hybrid "EZ-DICE" model that implements Epstein-Zin recursive utility into the Dynamic Integrated Climate-Economy (DICE) model. The authors aim to separate risk aversion from time preference, a conflation present in standard expected-utility frameworks that often leads to a perverse relationship where higher risk aversion implies less concern for future outcomes.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Themes: social cost of carbon integrated assessment models epstein-zin utility climate sensitivity discount rates
Stockholm Environment Institute
Document type: Research paper
Regions: worldwide

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