This Is the Way the World Ends, Not With a Bang but Bonds and Bullets

This article explores instinctive frames of human decision-making in environmental and resource economics. Higher-moment asset pricing combines rational, mathematically informed economic reasoning with psychological and biological insights. Leptokurtic blindness and skewness preference combine in pa...

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Autor principal:	James Ming Chen
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	skewness kurtosis information uncertainty irreversibility environmental economics asset pricing Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/d674d04eb96d41ff99c10c2a207746a8
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spelling	oai:doaj.org-article:d674d04eb96d41ff99c10c2a207746a82021-12-02T11:07:05ZThis Is the Way the World Ends, Not With a Bang but Bonds and Bullets2624-955310.3389/fclim.2021.758021https://doaj.org/article/d674d04eb96d41ff99c10c2a207746a82021-12-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fclim.2021.758021/fullhttps://doaj.org/toc/2624-9553This article explores instinctive frames of human decision-making in environmental and resource economics. Higher-moment asset pricing combines rational, mathematically informed economic reasoning with psychological and biological insights. Leptokurtic blindness and skewness preference combine in particularly challenging ways for carbon mitigation. At their worst, human heuristics may generate perverse decisions. Information uncertainty and the innate preference for bonds-and-bullets portfolios may impair responses to catastrophic climate change.James Ming ChenFrontiers Media S.A.articleskewnesskurtosisinformation uncertaintyirreversibilityenvironmental economicsasset pricingEnvironmental sciencesGE1-350ENFrontiers in Climate, Vol 3 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	skewness kurtosis information uncertainty irreversibility environmental economics asset pricing Environmental sciences GE1-350
spellingShingle	skewness kurtosis information uncertainty irreversibility environmental economics asset pricing Environmental sciences GE1-350 James Ming Chen This Is the Way the World Ends, Not With a Bang but Bonds and Bullets
description	This article explores instinctive frames of human decision-making in environmental and resource economics. Higher-moment asset pricing combines rational, mathematically informed economic reasoning with psychological and biological insights. Leptokurtic blindness and skewness preference combine in particularly challenging ways for carbon mitigation. At their worst, human heuristics may generate perverse decisions. Information uncertainty and the innate preference for bonds-and-bullets portfolios may impair responses to catastrophic climate change.
format	article
author	James Ming Chen
author_facet	James Ming Chen
author_sort	James Ming Chen
title	This Is the Way the World Ends, Not With a Bang but Bonds and Bullets
title_short	This Is the Way the World Ends, Not With a Bang but Bonds and Bullets
title_full	This Is the Way the World Ends, Not With a Bang but Bonds and Bullets
title_fullStr	This Is the Way the World Ends, Not With a Bang but Bonds and Bullets
title_full_unstemmed	This Is the Way the World Ends, Not With a Bang but Bonds and Bullets
title_sort	this is the way the world ends, not with a bang but bonds and bullets
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/d674d04eb96d41ff99c10c2a207746a8
work_keys_str_mv	AT jamesmingchen thisisthewaytheworldendsnotwithabangbutbondsandbullets
_version_	1718396256157433856

This Is the Way the World Ends, Not With a Bang but Bonds and Bullets

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