BFI Student Lunch Series – Uncertainty, Social Valuation, and Climate Change Policy

Please note this event is at maximum capacity and registration is now closed.

Boxed lunches will be provided.

BFI’s Student Lunch Series invites prominent speakers to engage undergraduate and graduate students in discussions on economics. The talks highlight the practical use of economics for answering real-world questions pertinent to businesses and policy makers.

Uncertainty, as it pertains to climate change and other policy challenges, operates through multiple channels. By drawing on insights from decision theory, stochastic impulse response theory, and the pricing of uncertain cash flows, Lars Peter Hansen, David Rockefeller Distinguished Service Professor in Economics, Statistics and the Booth School of Business; Director of Macro Finance Research Program (MFR), will describe novel quantitative characterizations of the uncertainty contributions to social valuation. Lars Peter Hansen will use these methods to illustrate when and why uncertainty leads to more proactive policy approaches to climate change.