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) the observed one and (b) increasing of 10% the average value. Peak flood probability distributions are analytically for … show that in absence of changes in the precipitation regime, the peak flood associated to low return period (<25 years … with an increase of the precipitation, changes in peak flood are almost the double in percentage …
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flood risk (mis)perceptions. Using an array of instruments, we assess subjective risk perceptions and compare them to … objective risk estimates. Reduced-form regressions suggest flood experience, worry, coastal tenure, education, primary …
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Catastrophic wildfires in California have become more frequent in past decades, while insured losses per event have been rising substantially. On average, California ranks the highest among states in the U.S. in the number of fires as well as the number of acres burned each year. The study of...
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Expected Utility theory is not only applied to individual choices but also to ethical decisions, e.g. in cost-benefit analysis of climate change policy measures that affect future generations. In this context the crucial question arises whether EU theory is able to deal with "catastrophic...
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