{"id":120,"date":"2021-04-12T01:41:02","date_gmt":"2021-04-12T05:41:02","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&#038;p=120"},"modified":"2021-07-05T01:01:46","modified_gmt":"2021-07-05T05:01:46","slug":"activity-3","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/activity-3\/","title":{"raw":"Activity","rendered":"Activity"},"content":{"raw":"<div class=\"no-overflow\">\r\n<div class=\"textbox textbox--exercises\"><header class=\"textbox__header\">\r\n<p class=\"textbox__title\">Activity<\/p>\r\n\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n\r\nFor this week\u2019s activity, I\u2019m asking that we all reflect on the limitations of financial approaches to decision-making in light of deep uncertainty and non-negligible probabilities of catastrophic losses.\r\n\r\nThings to consider in your reflection:\r\n<ol>\r\n \t<li>How should deep uncertainty be represented in decision-making?<\/li>\r\n \t<li>To what extent are financial decision-making models suitable for decisions under deep uncertainty, and to what extent might they endorse insufficient action undertaken within inadequate timelines?<\/li>\r\n \t<li>Would the precautionary principle be a more suitable decision criteria than cost-benefit? Or another decision-making principle?<\/li>\r\n \t<li>Do we rely on financial models because they are salient to stakeholders and more reliably motivate action? If so, are they a necessary evil in the area of climate action?<\/li>\r\n \t<li>After your reflect on these topics, post a brief summary of your insights to the Moodle discussion board for Module 4. It is not necessary to address all of the above points in your contribution.<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n&nbsp;\r\n\r\n<\/div>","rendered":"<div class=\"no-overflow\">\n<div class=\"textbox textbox--exercises\">\n<header class=\"textbox__header\">\n<p class=\"textbox__title\">Activity<\/p>\n<\/header>\n<div class=\"textbox__content\">\n<p>For this week\u2019s activity, I\u2019m asking that we all reflect on the limitations of financial approaches to decision-making in light of deep uncertainty and non-negligible probabilities of catastrophic losses.<\/p>\n<p>Things to consider in your reflection:<\/p>\n<ol>\n<li>How should deep uncertainty be represented in decision-making?<\/li>\n<li>To what extent are financial decision-making models suitable for decisions under deep uncertainty, and to what extent might they endorse insufficient action undertaken within inadequate timelines?<\/li>\n<li>Would the precautionary principle be a more suitable decision criteria than cost-benefit? Or another decision-making principle?<\/li>\n<li>Do we rely on financial models because they are salient to stakeholders and more reliably motivate action? If so, are they a necessary evil in the area of climate action?<\/li>\n<li>After your reflect on these topics, post a brief summary of your insights to the Moodle discussion board for Module 4. It is not necessary to address all of the above points in your contribution.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"author":120,"menu_order":11,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[48],"contributor":[],"license":[],"class_list":["post-120","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":96,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/users\/120"}],"version-history":[{"count":3,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/120\/revisions"}],"predecessor-version":[{"id":271,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/120\/revisions\/271"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/parts\/96"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapters\/120\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/media?parent=120"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/pressbooks\/v2\/chapter-type?post=120"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/contributor?post=120"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/wp-json\/wp\/v2\/license?post=120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}