Participating in a climate futures market increases support for costly climate policies

Author:

Cerf MoranORCID,Matz Sandra C.ORCID,MacIver Malcolm A.ORCID

Publisher

Springer Science and Business Media LLC

Subject

Social Sciences (miscellaneous),Environmental Science (miscellaneous)

Reference5 articles.

1. Tziralis, G. & Tatsiopoulos, I. Prediction markets: an extended literature review. J. Predict. Mark. 1, 75–91 (2007). A detailed explanation on the mechanics of prediction markets, their uses and implementations.

2. Lucas, G. M. Jr & Mormann, F. Betting on climate policy: using prediction markets to address global warming. UC Davis L. Rev. 52, 1429–1486 (2018). A review of the possible implementations of climate prediction markets from legal, financial and policy-relevant perspectives.

3. Sumner, S. & Jackson, A. L. Using prediction markets to guide global warming policy. In 63rd 153 International Atlantic Economic Conference 14–18 (2008). This article argues for the usefulness of climate prediction markets for policymaking because of their ability to estimate future outcomes today.

4. Vandenbergh, M. P., Raimi, K. T. & Gilligan, J. M. Energy and climate change: a climate prediction market. UCLA L. Rev. 61, 1962–2017 (2014). This article discusses a concrete (legal, design, communication, accuracy) implementation of a climate prediction market in the context of energy policy.

5. Palmer, T. The Primacy of Doubt: From Quantum Physics to Climate Change, How the Science of Uncertainty Can Help Us Understand Our Chaotic World 1st edn (Basic Books, 2022). A discussion of how to make decisions regarding global warming considering uncertainties of global climate models.

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