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PRODID:-//AMSE//Event Calendar//FR
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UID:event-11922@amse-aixmarseille.fr
DTSTAMP:20260421T110530Z
CREATED:20260421T110530Z
LAST-MODIFIED:20260421T110530Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Eco-lunch - Jiakun Zheng
DTSTART:20250515T100000Z
DTEND:20250515T110000Z
DESCRIPTION:When evaluating public programs with long-term effects\, future
  benefits (or costs) must be discounted to their present value. Modern fina
 nce theory recommends pursuing projects with a positive expected Net Presen
 t Value (NPV) and rejecting those without. However\, a project with a posit
 ive expected NPV can still result in an undesirable ex post outcome\, creat
 ing public regret and reducing long-term societal well-being. In this paper
 \, I introduces a regret-minimization framework for evaluating sustainable 
 policies\, incorporating Savage’s min-max regret criterion and the expect
 ed NPV approach as limiting cases. I demonstrate that regret-risk aversion 
 and the skewness of a project's contingent valuation significantly influenc
 e project evaluation. Additionally\, I provide an analytical solution under
  Savage’s min-max regret criterion\, which holds strong normative appeal 
 in the face of deep uncertainty.\\n\\nContact: Nathalie Ferrière: nathali
 e.ferriere[at]sciencespo-aix.frFederico Trionfetti: federico.trionfetti[at
 ]univ-amu.fr\n\nPlus d'informations: https://amse-aixmarseille.fr/en/events
 /jiakun-zheng-2
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/jiakun-zheng-2
CONTACT:Nathalie Ferrière:&nbsp\;nathalie.ferriere[at]sciencespo-aix.frFed
 erico Trionfetti:&nbsp\;federico.trionfetti[at]univ-amu.fr
TRANSP:OPAQUE
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