2nd Knightian Uncertainty Workshop
Center for Political Economy, Columbia World Projects
2nd Knightian Uncertainty Workshop on Climate Finance
Session 1: Conceptual Issues: 2:00-3:20
1. Geoff Heal: Ambiguity and decision making, with illustrations from environmental policy.
2. Harrison Hong: Pricing of ambiguity by financial markets, with particular reference to climate risk.
Session 2: Case Studies: 3:40-5:00
1. Thom Wetzer: Climate risk management by firms.
2. Jose Scheinkman: Knightian uncertainty, ambiguity aversion, and decisions about the optimal reforestation of tropical forests.
3. Gernot Wagner: Beliefs, evidence, and climate action.
