LONG-TERM RISKS

Evaluation and management of collective long-term risks

 Coordinatore FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES 

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 Nazionalità Coordinatore France [FR]
 Totale costo 1˙400˙000 €
 EC contributo 1˙400˙000 €
 Programma FP7-IDEAS-ERC
Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
 Code Call ERC-2008-AdG
 Funding Scheme ERC-AG
 Anno di inizio 2009
 Periodo (anno-mese-giorno) 2009-01-01   -   2014-12-31

 Partecipanti

# participant  country  role  EC contrib. [€] 
1    FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES

 Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21
city: TOULOUSE
postcode: 31000

contact info
Titolo: Ms.
Nome: Celine
Cognome: Claustre
Email: send email
Telefono: +33 5 67 73 27 64
Fax: +33 5 61 12 86 37

FR (TOULOUSE) hostInstitution 1˙400˙000.00
2    FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES

 Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21
city: TOULOUSE
postcode: 31000

contact info
Titolo: Prof.
Nome: Christian
Cognome: Gollier
Email: send email
Telefono: +33 5 61 12 86 30
Fax: +33 5 61 12 85 20

FR (TOULOUSE) hostInstitution 1˙400˙000.00

Mappa


 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

risk    risks    collective    environmental    beliefs    economics    decision    theory    preferences    premium    individual   

 Obiettivo del progetto (Objective)

'The aim of this research proposal is to provide a unified framework to evaluate and to manage collective long-term risks, with applications to environmental risks (climate change, genetically modified organisms, nuclear wastes, non-renewable resources, biodiversity, &). What should we be willing to give up to reduce these risks? What is the best timing for action? How should the risk evaluation be adapted to the absence of objective probabilities, the conflicts between and biases in individual beliefs, the heterogeneity of individual preferences towards these risks, the ability to predict future impacts, the limited capability to share risk efficiently, or the changing expectations about long-term economic growth and about the scarcity of environmental resources? To examine these questions, we will combine various approaches from modern decision theory, the theory of finance, environmental economics and behavioural economics. This research is also aimed at helping collective decision making by improving the standard tools of benefit-cost analysis for the specificities of long-term risks: discounting of far distant effects, risk premium for fat tails, ambiguity premium, aggregation rules for heterogeneous beliefs and preferences, and option values. We will translate general concepts as sustainable development , corporate social responsibility and precautionary principle into efficient guidelines for collective decision making.'

Altri progetti dello stesso programma (FP7-IDEAS-ERC)

E-CONTROL (2012)

"Electric-Field Control of Magnetic Domain Wall Motion and Fast Magnetic Switching: Magnetoelectrics at Micro, Nano, and Atomic Length Scales"

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MONTES (2012)

Molecular Networks with precision Terahertz Spectroscopy

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SMILE (2014)

Single Molecule Investigations in Living E. coli

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