Conference on Developing Regulatory Policy in the Context of Deep Uncertainty: Legal, Economic, and Natural Science Perspectives
Regulators often face deep uncertainty about the probable effects of different regulatory choices. For example, they must choose procedures for the storage of nuclear waste, set financial standards for banks, approve drugs, and decide on carbon dioxide emissions standards when they cannot predict the full set of probable consequences from their choices. Should regulators be averse to this uncertainty and if so, what procedures should they use for making choices? The conference, held at the University of Chicago Law School on April 26 and 27, 2013, will bring together people from a wide variety of backgrounds, including scientists, economists, decision-theorists, psychologists, and legal academics, to address this topic.
The conference is sponsored by the Center for Robust Decision Making on Climate and Energy Policy (RDCEP), the Coase-Sa