We analyze Nordhaus’ DICE model and show that the temperature and CO₂ equations are needlessly complicated and can be simplified without loss of essence. In addition, we argue that the damage function can be altered in such a way that it lends itself to experiments involving extreme risk. We conclude that, within the philosophy of the DICE model, significant simplifications can be made which make the model more transparent, more robust, and easier to apply.

中文翻译：

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简化的DICE

我们分析了Nordhaus的DICE模型，并表明温度和CO ₂方程不必要地复杂，可以简化而不会损失本质。此外，我们认为可以以某种方式更改破坏功能，使其适合于涉及极端风险的实验。我们得出的结论是，在DICE模型的原理范围内，可以进行重大简化，从而使模型更透明，更健壮并且更易于应用。