Monday, March 23, 2009

Weitzman Elaborates on Climate Change and the Fat Tail

Are economists deep thinkers? In case recent events have made you doubt it, here is example A. Consider Marty Weitzman's new paper

2 comments :

Nature Concern said...

We've got to be united to save earth! Earth Hour is practised at large scale in all developed and developing countries but there has been more publicity and awareness this year, as well as participation from large corporations like http://www.commit21.com/ which is a good sign - that there is still hope and that people still care!

Let's all do this, no matter where you are! Saturday, 28 March 2009. Lights off from 8.30pm to 9.30pm!

Nature Concern

Anonymous said...

Deep thinkers or arguing about the number of angels on a pinhead?

The utility of economic modeling is related to how well we understand the problem. When we don't really under the full risks that are involved, modeling breaks down and the models end up obfusicating rather than informing the current debate.