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Coping with Uncertainty

Modeling and Policy Issues

Coping with Uncertainty( )
Editor: Marti, Kurt
Ermoliev, Yuri
Makowski, Marek
Pflug, Georg
Series title:Lecture Notes in Economics and Mathematical Systems Ser.
ISBN:978-3-540-35262-4
Publication Date:Nov 2006
Publisher:Springer London, Limited
Book Format:Ebook
List Price:USD $159.00
Book Description:

Ongoing global changes bring fundamentally new scientific problems requiring new concepts and tools. A key issue concerns a vast variety of practically irreducible uncertainties, which challenge our traditional models and require new concepts and analytical tools. The uncertainty critically dominantes, e.g., the climate change debates. In short, the dilemma is concerned with enormous costs vs. massive uncertainties of potential extreme impacts. Traditional scientific approaches...
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