Coping with Uncertainty: Modeling and Policy Issues. Lecture Notes in Economics and Mathematical Systems, Volume 581.

Author:   Kurt Marti ,  Yuri Ermoliev ,  Marek Makowski ,  Georg Pflug
Publisher:   Springer
ISBN:  

9786610727278


Pages:   330
Publication Date:   01 January 2006
Format:   Electronic book text
Availability:   Out of stock   Availability explained
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Coping with Uncertainty: Modeling and Policy Issues. Lecture Notes in Economics and Mathematical Systems, Volume 581.


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Overview

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 dominates, 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 which was prepared for an interdisciplinary audience, and addresses open problems, limitations of known approaches, novel methods and techniques, or lessons from the applications of various approaches. Thus, the book contributes to a better understanding between practitioners dealing with the management of uncertainty, and scientists working on either corresponding modeling approaches that can be applied for improving understanding or management of uncertainty.

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Author:   Kurt Marti ,  Yuri Ermoliev ,  Marek Makowski ,  Georg Pflug
Publisher:   Springer
Imprint:   Springer
ISBN:  

9786610727278


ISBN 10:   6610727279
Pages:   330
Publication Date:   01 January 2006
Audience:   General/trade ,  General
Format:   Electronic book text
Publisher's Status:   Active
Availability:   Out of stock   Availability explained
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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