2018
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info:eu-repo/semantics/altIdentifier/doi/10.4337/9781786435323
Nicolas Treich, « Uncertainty and risk », HAL-SHS : économie et finance, ID : 10.4337/9781786435323
Uncertainty is prevalent in policymaking, and is thus an important dimension of policy evaluation and BCA. This chapter introduces the methods and practices to take uncertainty into account in BCA. The pedagogical approach consists in building on the contrast between two related concepts, such as risk versus uncertainty, static versus sequential analysis or ex ante versus ex post BCA.