Fat Tails, Thin Tails, and Climate Change Policy

Robert S. Pindyck

NBER Working Paper No. 16353
Issued in September 2010

---- Acknowledgements ----

This paper was written for the Review of Environmental Economics and Policy. My thanks to Charles Kolstad for helpful comments and suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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