Related papers: Climate Change Adaptation under Heterogeneous Beli…
People's opinions change with time as they interact with each other. In a bounded-confidence model (BCM) of opinion dynamics, individuals (which are represented by the nodes of a network) have continuous-valued opinions and are influenced…
The development of cooperative relations within and between firms plays an important role in the successful implementation of business strategy. How to produce such relations is less well understood. We build on work in relational contract…
Increasing the adoption of alternative technologies is vital to ensure a successful transition to net-zero emissions in the manufacturing sector. Yet there is no model to analyse technology adoption and the impact of policy interventions in…
Optimizing a building's energy supply design is a task with multiple competing criteria, where not only monetary but also, for example, an environmental objective shall be taken into account. Moreover, when deciding which storages and…
When climate forecasts are highly uncertain, the optimal mean squared error strategy is to ignore them. When climate forecasts are highly certain, the optimal mean squared error strategy is to use them as is. In between these two extremes…
Climate adaptation strategies are proposed in response to climate change. They are practised in agriculture to sustain food production. These strategies can be found in unstructured data (for example, scientific literature from the Elsevier…
One of the most used metrics to gauge the effects of climate change is the equilibrium climate sensitivity, defined as the long-term (equilibrium) temperature increase resulting from instantaneous doubling of atmospheric CO$_2$. Since…
We study interactions with uncertainty about demand sensitivity. In our solution concept (1) firms choose seemingly-optimal strategies given the level of sophistication of their data analytics, and (2) the levels of sophistication form best…
We show how different approaches to developing marketing strategies depending on the type of environment a firm faces, where environments are distinguished in terms of their systems properties not their context. Particular emphasis is given…
Successful collective action on issues from climate change to the maintenance of democracy depends on societal properties such as cultural tightness and social cohesion. How these properties evolve is not well understood because they emerge…
In this paper, we reconsider the spin model suggested recently to understand some features of collective decision making among higher organisms [A.T. Hartnett et al., Phys. Rev. Lett. 116 (2016) 038701]. Within the model, the state of an…
Technologies can help strengthen the resilience of our economy against existential climate-risks. We investigate climate change adaptation technologies (CCATs) in US patents to understand (1) historical patterns and drivers of innovation;…
In modern interconnected societies, opinions and beliefs can quickly spread across large populations, giving rise to collective behaviors such as the adoption of social norms or polarization. These phenomena have motivated many models aimed…
This paper investigates an optimal control problem for an adoption-opinion model that couples opinion dynamics with a compartmental adoption framework on a multilayer network to study the diffusion of sustainable behaviors. Adoption evolves…
Scepticism towards childhood vaccines and genetically modified food has grown despite scientific evidence of their safety. Beliefs about scientific issues are difficult to change because they are entrenched within many related moral…
Climate change is a major global challenge today. To assess how policies may lead to mitigation, economists have developed Integrated Assessment Models, however, most of the equilibrium based models have faced heavy critiques. Agent-based…
Climate policy modelling is a key tool for assessing mitigation strategies in complex systems, where uncertainty is inherent and unavoidable. We present a general methodology for extensive uncertainty analysis in this field. While other…
A one-size-fits-all paradigm that only adapts the scale and immediate outcome of climate investment to economic circumstances will provide a short-lived, economically inadequate response to climate issues; given the limited resources…
We describe a simple method that utilises the standard idea of bias-variance trade-off to improve the expected accuracy of numerical model forecasts of future climate. The method can be thought of as an optimal multi-model combination…
Climate change is widely expected to increase weather related damage and the insurance claims that result from it. This will increase insurance premiums, in a way that is independent of a customer's contribution to the causes of climate…