The global financial crisis of 2008 has shown that the present financial system involves global systemic risks. The dimension of these risks is hard to grasp with the conceptual tools that have been developed to tackle conventional risks like fire or car accidents. While modern societies know quite well how to deal with conventional risks, we have not yet been equally successful at dealing with global systemic risks.
View Article and Find Full Text PDFThe recent decision of the U.S. Supreme Court on the regulation of CO2 emissions from new motor vehicles shows the need for a robust methodology to evaluate the fraction of attributable risk from such emissions.
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