@MISC{Gollier_references, author = {Christian Gollier}, title = {References}, year = {} }
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Abstract
Take-home message • Most short-term risks are affordable (EP puzzle, insurance puzzle). We should be approximately risk-neutral towards them. • Many long-term risks are critical. Prudence and risk aversion matter a lot in their valuation and management. ― Parametric uncertainty on growth, and on impacts ― Fat tails, extreme events • Intergenerational risk sharing and the pricing of life insurance products/liabilities. • Climate change, nuclear industry, sustainability….