scholarly journals Environmental Policy Choice under Uncertainty

2003 ◽  
Author(s):  
Ioulia V. Ossokina ◽  
Otto H. Swank
Keyword(s):  
Environmental Policy ◽  
Policy Choice ◽  
Choice Under Uncertainty

Optimal policy choice under uncertainty

1975 ◽  
Vol 4 (2) ◽  
pp. 205-209 ◽  
Author(s):  
Geoffrey Brennan ◽  
Thomas McGuire
Keyword(s):  
Optimal Policy ◽  
Policy Choice ◽  
Choice Under Uncertainty

scholarly journals Forming COVID-19 Policy Under Uncertainty

2020 ◽  
Vol 11 (3) ◽  
pp. 341-356 ◽  
Author(s):  
Charles F. Manski
Keyword(s):  
Optimal Policy ◽  
Behavioral Responses ◽  
Policy Formation ◽  
Policy Choice ◽  
The Past ◽  
Macroeconomic Modeling ◽  
Choice Under Uncertainty ◽  
Current State ◽  
Modeling Uncertainties ◽  
Adaptive Policy

AbstractThis paper presents my thinking and concerns about formation of COVID-19 policy. Policy formation must cope with substantial uncertainties about the nature of the disease, the dynamics of transmission, and behavioral responses. Data uncertainties limit our knowledge of the past trajectory and current state of the pandemic. Data and modeling uncertainties limit our ability to predict the impacts of alternative policies. I explain why current epidemiological and macroeconomic modeling cannot deliver realistically optimal policy. I describe my recent work quantifying basic data uncertainties that make policy analysis difficult. I discuss approaches for policy choice under uncertainty and suggest adaptive policy diversification.

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