"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" Nordhaus, fat tails - TT's Lost in Tokyo

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Fat Tails Part Deux: cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

[Note: Although the giant snakes I mentioned in my preceding post may have fat tails, I didn't want my description of the discussion between Harvard`s Martin Weitzman and Yale`s William Nordhaus of the limits of cost-benefit analysis to be overlooked...