Decision Making Under Deep Uncertainty

By K. Klima. The Oxford Handbook of Planning for Climate Change Hazards, 2018

338 citations recorded by the source corpus.

Decision making under questions of deep uncertainty can be vague or specific, open-ended or fixed, easy or hard. This chapter very briefly addresses issues and approaches to decision making on adaptation to climate change. Depending on the research question, a complicated set of multiple approaches and tools may be needed. To highlight the types of approaches, this chapter discusses a variety of decision making tools and relates them to a particular problem: a homeowner choosing whether to do nothing, buy insurance, or elevate their home. The chapter culminates in a table summarizing the pros and cons of a variety of approaches.

Subfields: Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/eee241b4ac7f9ef5744725fd30fbee671b3656b8