Challenges and Opportunities for Economic Evaluation of Disaster Risk Decisions
Author
Abstract
Suggested Citation
DOI: 10.1007/s41885-017-0007-0
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Mark Rubinstein, 2002. "Markowitz's “Portfolio Selection”: A Fifty‐Year Retrospective," Journal of Finance, American Finance Association, vol. 57(3), pages 1041-1045, June.
- Masozera, Michel & Bailey, Melissa & Kerchner, Charles, 2007. "Distribution of impacts of natural disasters across income groups: A case study of New Orleans," Ecological Economics, Elsevier, vol. 63(2-3), pages 299-306, August.
- Giles Atkinson & Simon Dietz (ed.), 2007. "Handbook of Sustainable Development," Books, Edward Elgar Publishing, number 1818.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Edward H. Bowman & Gary T. Moskowitz, 2001. "Real Options Analysis and Strategic Decision Making," Organization Science, INFORMS, vol. 12(6), pages 772-777, December.
- Bonzanigo, Laura & Kalra, Nidhi, 2014. "Making informed investment decisions in an uncertain world : a short demonstration," Policy Research Working Paper Series 6765, The World Bank.
- Dodgson, JS & Spackman, M & Pearman, A & Phillips, LD, 2009. "Multi-criteria analysis: a manual," Economic History Working Papers 12761, London School of Economics and Political Science, Department of Economic History.
- Eric Neumayer, 2013.
"Weak versus Strong Sustainability,"
Books,
Edward Elgar Publishing, number 14993.
- Eric Neumayer, 2003. "Weak versus Strong Sustainability," Books, Edward Elgar Publishing, number 3184.
- Eric Neumayer, 1999. "Weak versus Strong Sustainability," Books, Edward Elgar Publishing, number 1736.
- Jyrki Wallenius & James S. Dyer & Peter C. Fishburn & Ralph E. Steuer & Stanley Zionts & Kalyanmoy Deb, 2008. "Multiple Criteria Decision Making, Multiattribute Utility Theory: Recent Accomplishments and What Lies Ahead," Management Science, INFORMS, vol. 54(7), pages 1336-1349, July.
- Noy, Ilan & Yonson, Rio, 2016. "A survey of the theory and measurement of economic vulnerability and resilience to natural hazards," Working Paper Series 4978, Victoria University of Wellington, School of Economics and Finance.
- Paul Watkiss & Alistair Hunt & William Blyth & Jillian Dyszynski, 2015. "The use of new economic decision support tools for adaptation assessment: A review of methods and applications, towards guidance on applicability," Climatic Change, Springer, vol. 132(3), pages 401-416, October.
- Hallegatte, Stephane & Shah, Ankur & Lempert, Robert & Brown, Casey & Gill, Stuart, 2012.
"Investment decision making under deep uncertainty -- application to climate change,"
Policy Research Working Paper Series
6193, The World Bank.
- Stéphane Hallegatte, 2012. "Investment decision-making under deep uncertainty - application to climate change," Post-Print hal-00802049, HAL.
- R. Mechler, 2016. "Reviewing estimates of the economic efficiency of disaster risk management: opportunities and limitations of using risk-based cost–benefit analysis," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(3), pages 2121-2147, April.
- David Pearce & Ben Groom & Cameron Hepburn & Phoebe Koundouri, 2003. "Valuing the Future," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(2), pages 121-141, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Stefan Hochrainer-Stigler & JoAnne Linnerooth-Bayer & Junko Mochizuki, 2019. "Flood Proofing Low-Income Houses in India: an Application of Climate-Sensitive Probabilistic Benefit-Cost Analysis," Economics of Disasters and Climate Change, Springer, vol. 3(1), pages 23-38, April.
- Ilan Noy & Shunsuke Managi & Stephane Hallegatte, 2018. "Economics of Disasters and Climate Change – The Journal’s First Year," Economics of Disasters and Climate Change, Springer, vol. 2(1), pages 1-3, April.
- Mingming Xiang & Wei Zhao & Jiao Chen, 2018. "A Comparison of Different Reconstruction Modes and Adaptive Evaluation Systems for Community Recovery Following the Wenchuan Earthquake," Sustainability, MDPI, vol. 10(11), pages 1-22, November.
- Veeshan Rayamajhee & Alok K. Bohara & Virgil Henry Storr, 2020. "Ex-Post Coping Responses and Post-Disaster Resilience: a Case from the 2015 Nepal Earthquake," Economics of Disasters and Climate Change, Springer, vol. 4(3), pages 575-599, October.
- Kythreotis, Andrew P. & Hannaford, Matthew & Howarth, Candice & Bosworth, Gary, 2024. "Translating climate risk assessments into more effective adaptation decision-making: the importance of social and political aspects of place-based climate risk," LSE Research Online Documents on Economics 122155, London School of Economics and Political Science, LSE Library.
- McDermott, T.K.J. & Surminski, S., 2018. "Normative interpretations of climate risk assessment and how it affects local decision making – a study at the city scale in Cork, Ireland," Working Papers 309607, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
- Väinö Nurmi & Karoliina Pilli-Sihvola & Hilppa Gregow & Adriaan Perrels, 2019. "Overadaptation to Climate Change? The Case of the 2013 Finnish Electricity Market Act," Economics of Disasters and Climate Change, Springer, vol. 3(2), pages 161-190, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jesse M. Keenan, 2018. "Regional resilience trust funds: an exploratory analysis for leveraging insurance surcharges," Environment Systems and Decisions, Springer, vol. 38(1), pages 118-139, March.
- Kalra, Nidhi & Hallegatte, Stephane & Lempert, Robert & Brown, Casey & Fozzard, Adrian & Gill, Stuart & Shah, Ankur, 2014. "Agreeing on robust decisions : new processes for decision making under deep uncertainty," Policy Research Working Paper Series 6906, The World Bank.
- Shuang Yao & Donghua Yu & Yan Song & Hao Yao & Yuzhen Hu & Benhai Guo, 2018. "Dry Bulk Carrier Investment Selection through a Dual Group Decision Fusing Mechanism in the Green Supply Chain," Sustainability, MDPI, vol. 10(12), pages 1-19, November.
- Dimitris Bertsimas & Allison O'Hair, 2013. "Learning Preferences Under Noise and Loss Aversion: An Optimization Approach," Operations Research, INFORMS, vol. 61(5), pages 1190-1199, October.
- Dietz, Simon & Neumayer, Eric, 2007.
"Weak and strong sustainability in the SEEA: Concepts and measurement,"
Ecological Economics, Elsevier, vol. 61(4), pages 617-626, March.
- Dietz, Simon & Neumayer, Eric, 2007. "Weak and strong sustainability in the SEEA: concepts and measurement," LSE Research Online Documents on Economics 3058, London School of Economics and Political Science, LSE Library.
- Ian Moffatt, 2013. "Measuring sustainable development," Chapters, in: M. A. Quaddus & M. A.B. Siddique (ed.), Handbook of Sustainable Development Planning, chapter 3, pages 39-60, Edward Elgar Publishing.
- Veruska Muccione & Thomas Lontzek & Christian Huggel & Philipp Ott & Nadine Salzmann, 2023. "An application of dynamic programming to local adaptation decision-making," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 119(1), pages 523-544, October.
- Hart E. Posen & Michael J. Leiblein & John S. Chen, 2018. "Toward a behavioral theory of real options: Noisy signals, bias, and learning," Strategic Management Journal, Wiley Blackwell, vol. 39(4), pages 1112-1138, April.
- Anthoff, David & Hepburn, Cameron & Tol, Richard S.J., 2009.
"Equity weighting and the marginal damage costs of climate change,"
Ecological Economics, Elsevier, vol. 68(3), pages 836-849, January.
- David Anthoff & Cameron Hepburn & Richard S.J. Tol, 2006. "Equity weighting and the marginal damage costs of climate change," Working Papers FNU-121, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006.
- Anthoff, David & Hepburn, Cameron & Tol, Richard S.J., 2007. "Equity Weighting and the Marginal Damage Costs of Climate Change," Climate Change Modelling and Policy Working Papers 9325, Fondazione Eni Enrico Mattei (FEEM).
- David Anthoff & Cameron Hepburn & Richard S.J. Tol, 2007. "Equity Weighting and the Marginal Damage Costs of Climate Change," Working Papers 2007.43, Fondazione Eni Enrico Mattei.
- Combes, Jean-Louis & Delacote, Philippe & Combes Motel, Pascale & Yogo, Thierry Urbain, 2018.
"Public spending, credit and natural capital: Does access to capital foster deforestation?,"
Economic Modelling, Elsevier, vol. 73(C), pages 306-316.
- Jean-Louis Combes & Philippe Delacote & Pascale Combes Motel & Thierry Urbain Yogo, 2018. "Public spending, credit and natural capital : Does access to capital foster deforestation?," Post-Print hal-01805161, HAL.
- Jean-Louis Combes & Pascale Combes Motel & Philippe Delacote & Thierry Urbain Yogo, 2018. "Public spending, credit and natural capital: Does access to capital foster deforestation?," Working Papers 1806, Chaire Economie du climat.
- Durbach, Ian N. & Stewart, Theodor J., 2012. "A comparison of simplified value function approaches for treating uncertainty in multi-criteria decision analysis," Omega, Elsevier, vol. 40(4), pages 456-464.
- James C. Cox & Eike B. Kroll & Marcel Lichters & Vjollca Sadiraj & Bodo Vogt, 2019.
"The St. Petersburg paradox despite risk-seeking preferences: an experimental study,"
Business Research, Springer;German Academic Association for Business Research, vol. 12(1), pages 27-44, April.
- James C. Cox & Eike B. Kroll & Marcel Lichters & Vjollca Sadiraj & Bodo Vogt, 2018. "The St. Petersburg Paradox Despite Risk-seeking Preferences: An Experimental Study," Experimental Economics Center Working Paper Series 2018-02, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
- Gebhard Geiger, 2012. "Multi-attribute non-expected utility," Annals of Operations Research, Springer, vol. 196(1), pages 263-292, July.
- James S. Dyer & James E. Smith, 2021. "Innovations in the Science and Practice of Decision Analysis: The Role of Management Science," Management Science, INFORMS, vol. 67(9), pages 5364-5378, September.
- Andrea C. Hupman & Jay Simon, 2023. "The Legacy of Peter Fishburn: Foundational Work and Lasting Impact," Decision Analysis, INFORMS, vol. 20(1), pages 1-15, March.
- Andrew J. Keith & Darryl K. Ahner, 2021. "A survey of decision making and optimization under uncertainty," Annals of Operations Research, Springer, vol. 300(2), pages 319-353, May.
- Koji Tokimatsu & Rintaro Yamguchi & Masayuki Sato & Rieko Yasuoka & Masahiro Nishio & Kazuhiro Ueta, 2014. "Assessing future sustainability by forecast of Genuine Savings paths," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(4), pages 359-379, October.
- Jovanovic, Franck & Schinckus, Christophe, 2017. "Econophysics and Financial Economics: An Emerging Dialogue," OUP Catalogue, Oxford University Press, number 9780190205034.
- Camilla Froyn, 2005. "Decision Criteria, Scientific Uncertainty, and the Globalwarming Controversy," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 10(2), pages 183-211, April.
- Rodrigues, Teresa C. & Montibeller, Gilberto & Oliveira, Mónica D. & Bana e Costa, Carlos A., 2017. "Modelling multicriteria value interactions with Reasoning Maps," European Journal of Operational Research, Elsevier, vol. 258(3), pages 1054-1071.
More about this item
Keywords
Disaster risk; Economic evaluation; Decision-making; Deep uncertainty; Cost benefit analysis; Resilience;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ediscc:v:1:y:2017:i:1:d:10.1007_s41885-017-0007-0. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.