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Understanding stakeholder preferences for flood adaptation alternatives with natural capital implications Ecology and Society
Loos, Jonathon R; Center for the Environment, Plymouth State University; jonathon.loos@gmail.com; Rogers, Shannon H; Center for the Environment, Plymouth State University; shrogers@plymouth.edu.
Inland flood risks are defined by a range of environmental and social factors, including land use and floodplain management. Shifting patterns of storm intensity and precipitation, attributed to climate change, are exacerbating flood risk in regions across North America. Strategies for adapting to growing flood risks and climate change must account for a community’s specific vulnerabilities, and its local economic, environmental, and social conditions. Through a stakeholder-engaged methodology, we designed an interactive decision exercise to enable stakeholders to evaluate alternatives for addressing specific community flood vulnerabilities. We used a multicriteria framework to understand what drives stakeholder preferences for flood mitigation...
Tipo: Peer-Reviewed Insight Palavras-chave: Ecosystem-based adaptation; Flood; Hazard planning; Multicriteria decision making; Stakeholder values; Utility theory.
Ano: 2016
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Agricultural Risk Aversion Revisited: A Multicriteria Decision-Making Approach AgEcon
Gomez-Limon, Jose Antonio; Riesgo, Laura; Arriaza Balmón, Manuel.
In modelling farm systems it is widely accepted that risk plays a central role. Furthermore, farmers' risk aversion determines their decisions in both the short and the long run. This paper presents a methodology based on multiple criteria mathematical programming to obtain relative and absolute risk aversion coefficients. We rely on multiattribute utility theory (MAUT) to elicit a separable additive multiattribute utility function and then estimate the risk aversion coefficients and apply this methodology to an irrigated area of Northern Spain. The results show a wide variety of attitudes to risk among farmers, who mainly exhibit decreasing absolute risk aversion (DARA) and constant relative risk aversion (CRRA).
Tipo: Conference Paper or Presentation Palavras-chave: Risk analysis; Agriculture; Utility theory; Multiple criteria analysis; Risk and Uncertainty.
Ano: 2002 URL: http://purl.umn.edu/24827
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Using Biomedical Technologies to Inform Economic Modeling: Challenges and Opportunities for Improving Analysis of Environmental Policies AgEcon
Roe, Brian E.; Haab, Timothy C..
Advances in biomedical technology have irrevocably jarred open the black box of human decision making, offering social scientists the potential to validate, reject, refine and redefine the individual models of resource allocation that form the foundation of modern economics. In this paper we (1) provide a comprehensive overview of the biomedical methods that may be harnessed by economists and other social scientists to better understand the economic decision making process; (2) review research that utilizes these biomedical methods to illuminate fundamental aspects of the decision making process; and (3) summarize evidence from this literature concerning the basic tenants of neoclassical utility that are often invoked for positive welfare analysis of...
Tipo: Conference Paper or Presentation Palavras-chave: Neuroeconomics; Neuroscience; Brain imaging; Genetics; Welfare economics; Utility theory; Biology; Decision making; Preferences; Institutional and Behavioral Economics; Research Methods/ Statistical Methods; D01; D03; D6; D87.
Ano: 2009 URL: http://purl.umn.edu/49151
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