Efficient Climate Policies under Technology and Climate Uncertainty – Appendix

  title={Efficient Climate Policies under Technology and Climate Uncertainty – Appendix},
  author={Hermann Held and Elmar Kriegler and Kai Lessmann},
In the context of exploring alternatives to expected utility, we are currently investigating a utility quantile criterion under probabilistic uncertainty that is a promising candidate to provide important insight with respect to “robustness” of policies. The criterion is very flexible as it allows to continuously interpolate between a maximin (a pessimist’s) and a maximax (an optimist’s) criterion by a quantile parameter Q. Given the general interest in alternatives to expected utility, we… CONTINUE READING
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