How does the idea of a 'fat tail' extreme event affect the economics of climate change?
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How does the idea of a 'fat tail' extreme event affect the economics of climate change?
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The idea of a fat tail extreme event refers to a situation where the probability of very high catastrophic outcomes is significantly larger than what ...View the full answer
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Related Book For
Introduction To Environmental Economics
ISBN: 9780199568734
2nd Edition
Authors: Nick Hanley, Jason Shogren, Ben White
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