Practical Values and Uncertainty in Regulatory Decision‐making

Transportation Planning, Climate Change, and Decisionmaking Under Uncertainty

ravel demand forecasting as widely practiced today deals inadequately with uncertainty. Methods currently used to forecast travel at the regional level simplify the world for which they forecast by relying heavily on point estimates. Forecasts are developed through the application of sequences of independent models in which the outputs from one become inputs to others. The current transportatio...

Discretionary Decisionmaking in the Regulatory Agencies: A Conceptual Framework

Addressing Fish Uncertainty: The Quest for Rational Decisionmaking

This paper explores the policy efforts dealing with the problem of declining Pacific Northwest fish runs. Results have been disappointing. Decades of expensive efforts costing billion of dollars have been relatively ineffective in increasing salmon runs. Many species of wild fish continue to decline or remain significantly below target levels of recovery. The issue of scientific and economic un...

On the practical implication of mutual information for statistical decisionmaking

A theorem characterizing fractional Brownian motion by Index Terms -Wavelet transform, fractional Brownian motion.the covariance structure of its wavelet transform is established.

Environment, Uncertainty, and Option Values

2.1 THE BASIC FRAMEWORK....................................................................................................................... 4 2.2 RISK AVERSION.................................................................................................................................... 5 2.3 THE VALUE OF CHANGES IN RISK ......................................................................