Applying Asset Pricing Theory to Calibrate the Price of Climate Risk

New York, NY

Monday, Apr 2, 2018 at 6:00 PM EDT 

{ "name":"Applying Asset Pricing Theory to Calibrate the Price of Climate Risk", "description": "https://ticketfi.com/event/2275/applying-asset-pricing-theory-to-calibrate-the-price-of-climate-risk\n\n\"Join us on April 2nd for a joint seminar hosted by WatRISQ, University of Waterloo and Columbia University: Applying Asset Pricing Theory to Calibrate the Price of Climate Risk, presented by Bob Litterman & Kent Daniel.\\n\\nClimate change is fundamentally a problem of risk management. Appropriate pricing of greenhouse gas emissions requires trade-offs between consumption today and unknown damages in the distant future. In this paper we explore this trade-off using insights from the asset pricing literature. A representative agent is assumed to optimally mitigate emissions as uncertainty is gradually resolved over time. This framework allows an innovative risk decomposition, and allows us to investigate what turn out to be surprisingly large deadweight costs of delay.\\n\\n\\n \\n\"", "startDate":"2018-04-02", "endDate":"2018-04-02", "startTime":"18:00", "endTime":"19:00", "location":"Davis Auditorium CEPSR Building - ", "label":"Add to Calendar", "options":[ "Apple", "Google", "iCal", "Microsoft365", "Outlook.com", "Yahoo" ], "timeZone":"US/Eastern", "trigger":"click", "inline":true, "listStyle":"modal", "iCalFileName":"invite.ics" }