Ethics of the scientist qua policy advisor: inductive risk, uncertainty, and catastrophe in climate economics

This paper discusses ethical issues surrounding Integrated Assessment Models (IAMs) of the economic effects of climate change, and how climate economists acting as policy advisors ought to represent the uncertain possibility of catastrophe. Some climate economists, especially Martin Weitzman, have a...

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Bibliographic Details
Main Author: Frank, D.M (Author)
Format: Article
Language:English
Published: Springer Netherlands 2019
Subjects:
Online Access:View Fulltext in Publisher
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008 220511s2019 CNT 000 0 und d
020 |a 00397857 (ISSN) 
245 1 0 |a Ethics of the scientist qua policy advisor: inductive risk, uncertainty, and catastrophe in climate economics 
260 0 |b Springer Netherlands  |c 2019 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1007/s11229-017-1617-3 
520 3 |a This paper discusses ethical issues surrounding Integrated Assessment Models (IAMs) of the economic effects of climate change, and how climate economists acting as policy advisors ought to represent the uncertain possibility of catastrophe. Some climate economists, especially Martin Weitzman, have argued for a precautionary approach where avoiding catastrophe should structure climate economists’ welfare analysis. This paper details ethical arguments that justify this approach, showing how Weitzman’s “fat tail” probabilities of climate catastrophe pose ethical problems for widely used IAMs. The main claim is that economists who ignore or downplay catastrophic risks in their representations of uncertainty likely fall afoul of ethical constraints on scientists acting as policy advisors. Such scientists have duties to honestly articulate uncertainties and manage (some) inductive risks, or the risks of being wrong in different ways. © 2017, Springer Nature B.V. 
650 0 4 |a Catastrophic risk 
650 0 4 |a Climate change 
650 0 4 |a Economics 
650 0 4 |a Environmental ethics 
650 0 4 |a Inductive risk 
650 0 4 |a Research ethics 
700 1 |a Frank, D.M.  |e author 
773 |t Synthese