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Coping with Uncertainty: Modeling and Policy Issues (Lecture Notes in Economics and Mathematical Systems)

Posted on 2010-04-15




Name:Coping with Uncertainty: Modeling and Policy Issues (Lecture Notes in Economics and Mathematical Systems)
ASIN/ISBN:3540352589
Publisher:Springer (2006)
Pages:Paperback, 330 pages
File size:5 Mb
   Coping with Uncertainty: Modeling and Policy Issues (Lecture Notes in Economics and Mathematical Systems)

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Publisher: Springer (2006)


Binding: Paperback, 330 pages


pricer: $115.00


ISBN-10: 3540352589


editorialreviews

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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