Coping with uncertainty : modeling and policy issues /

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Bibliographic Details
Imprint:Berlin ; New York : Springer, c2006.
Description:xiii, 330 p. : ill. ; 24 cm.
Language:English
Series:Lecture notes in economics and mathematical systems ; 581
Lecture notes in economics and mathematical systems 581.
Subject:
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/6444599
Hidden Bibliographic Details
Other authors / contributors:Marti, Kurt, 1943-
ISBN:3540352627 (pbk.)
3540352589 (pbk.)
9783540352624 (pbk.)
9783540352587 (pbk.)
Notes:Includes bibliographical references.
Description
Summary:

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 usually rely on real observations and experiments. Yet no sufficient observations exist for new problems, and "pure" experiments and learning by doing may be very expensive, dangerous, or simply impossible. In addition, available historical observations are contaminated by actions, policies. The complexity of new problems does not allow to achieve enough certainty by increasing the resolution of models or by bringing in more links. Hence, new tools for modeling and management of uncertainty are needed, as given in this book.

Physical Description:xiii, 330 p. : ill. ; 24 cm.
Bibliography:Includes bibliographical references.
ISBN:3540352627
3540352589
9783540352624
9783540352587