Decision Making Under Deep Uncertainty

Climate Change and Infrastructure Management

Kelly Klima, W. Tad Pfeffer, Joel B. Smith, Kristie L. Ebi

ResearchPosted on rand.org Nov 12, 2019Published in: The Oxford Handbook of Planning for Climate Change Hazards (Sept 2018). doi: 10.1093/oxfordhb/9780190455811.013.50

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 decisionmaking 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.

Topics

Document Details

  • Publisher: Oxford Handbooks Online
  • Availability: Non-RAND
  • Year: 2018
  • Pages: 1
  • Document Number: EP-68009

Research conducted by

This publication is part of the RAND external publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.