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000806648 020__ $$a9783319319438$$q(electronic book)
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000806648 24504 $$aThe economics of the global environment :$$bcatastrophic risks in theory and policy /$$cGraciela Chichilnisky, Armon Rezai, editors.
000806648 264_1 $$aCham, Switzerland :$$bSpringer,$$c[2016]
000806648 264_4 $$c©2016
000806648 300__ $$a1 online resource.
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000806648 4901_ $$aStudies in economic theory ;$$vvolume 29
000806648 504__ $$aIncludes bibliographical references.
000806648 5050_ $$a1 The Economics of the Global Environment-Catastrophic Risks in Theory and Practice; 1 Introduction; 2 Part I. Catastrophic Risk in Economic Theory; 3 Part II. Ethical and Welfare Considerations; 4 Part III. The Environment in a Global Context; 5 Part IV. The Case of Climate Change; 6 Part V. Economic Policy and Regulation; 7 Part VI. Catastrophic Risk in Economic Practice; References; Part I Catastrophic Risk in Economic Theory; Catastrophic Risk, Rare Events, and Black Swans: Could There Be a Countably Additive Synthesis?; 1 Introduction.
000806648 5058_ $$a1.1 Countably Additive Subjective Probability1.2 Monotonicity; 1.3 Beyond Monotonicity; 1.4 Outline of Paper; 2 Catastrophic Risk; 2.1 Etymology; 2.2 Catastrophic Consequences; 2.3 Assumptions; 2.4 Money Metric Utility; 2.5 A Critical Probability Level: Catastrophic Risk; 2.6 Extreme Economic Catastrophes; 3 Rare Events; 3.1 Standard Decision Theory; 3.2 Infinitesimal Probability; 3.3 Rare Events and Infinitesimal Probabilities; 3.4 A Metric Completion; 3.5 Extended Probability Measures; 3.6 Extended Subjective Expected Utility; 3.7 Lexicographic Expected Utility; 4 Black Swans.
000806648 5058_ $$a4.1 Background4.2 Black Swan Events; 4.3 An Initial Simple Tree; 4.4 Initial Evaluation; 4.5 Enriched Subtrees; 4.6 Retrospective Evaluation in the Enlivened Tree; 4.7 Cardinally Equivalent Evaluation Functions; 4.8 Uncertain Retrospective Evaluation; 4.9 State-Dependent Consequence Domains; 4.10 Subjective Expected Evaluation; 4.11 Hubris Versus Enlivenment; 4.12 Could There Be a Metamodel?; 4.13 Should We Look for a Meta Stochastic Process?; 5 Concluding Remarks; References; Preference Representations for Catastrophic Risk Analysis; 1 Introduction; 1.1 The Problem; 1.2 Some Modeling Issues.
000806648 5058_ $$a1.3 What We Do2 Minimal Model of Catastrophic Risk; 2.1 Illustrative Examples; 3 Alternative Models; 3.1 `Behavioral Probabilities' and `Ambiguity'; 3.2 #x8D;Sensitivity to Rare Events: A Topology of Fear#x8E;; 3.3 Variational Preferences: An Umbrella Model?; 4 Lessons and Conclusions; 5 Appendix: Axiomatic Foundations of Representations; 5.1 Notation; 5.2 Axioms; References; Modeling Decisions Involving Ambiguous, Vague, or Rare Events; 1 Topological Event Spaces; 2 Boundaries of Topological Events; 3 Application to Judgments of Probability; 4 Rationality; 5 Connections; References.
000806648 5058_ $$aModeling Uncertainty, Context, and Information Fusion via Lattice-Based Probability1 Introduction; 1.1 Upper-Lower Probability Theory; 1.2 Non-Boolean Algebra with Pseudo-complementation; 1.3 Why Lattice?; 2 Mathematical Background; 2.1 An Introduction to Lattice Theory; 2.2 Distributive Lattice; 2.3 Probability and Belief Functions on Lattice; 3 Upper-Lower Probability Anchored on Topology; 3.1 Topologizing Dempster-Shafer Theory; 3.2 Lattice of Topologies; 3.3 A Hierarchical Scheme for Upper-Lower Probability; 4 Discussions; 4.1 Relation to Topological Characterization of ``Rare Events''
000806648 506__ $$aAccess limited to authorized users.
000806648 5208_ $$aThis is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population growth led to a voracious use of natural resources and global environmental concerns. It is uncontested that, for the first time in recorded history, humans dominate the planet, changing the planet's atmosphere, its bodies of water, and the complex web of species that makes life on earth. This radical change in circumstances led to rethinking of the foundations of human organization and, in particular, the industrial economy and the economic theory behind it. This book brings together new approaches on multiple levels: environmental sustainability requires rethinking in terms of economic theory and policy as well as the considerations of catastrophic risk and extremal events. Leading experts address questions of economic governance, risk management, policy decision making and distribution across time and space.
000806648 588__ $$aDescription based on print version record.
000806648 650_0 $$aEconomics.
000806648 650_0 $$aEconomic policy.
000806648 650_0 $$aEnvironmental policy.
000806648 650_0 $$aRisk management.
000806648 650_0 $$aSustainable development.
000806648 7001_ $$aChichilnisky, Graciela,$$eeditor.
000806648 7001_ $$aRezai, Armon,$$eeditor.
000806648 77608 $$iPrint version:$$tEconomics of the global environment. Catastrophic risks in theory and policy.$$dCham : Springer International Publishing 2016$$z9783319319414$$w(OCoLC)985640149
000806648 830_0 $$aStudies in economic theory ;$$vv. 29.
000806648 852__ $$bebk
000806648 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-31943-8$$zOnline Access$$91397441.1
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