Roseta-Palma, Catarina; Xepapadeas, Anastasios - In: Journal of Risk and Uncertainty 29 (2004) 1, pp. 21-34
Since surface water flows are often stochastic, there is a role for water reservoirs in protecting users against uncertainty. We assume uncertainty regarding the probability distribution for the stochastic variable. Thus the decision allows for a range of approximate models that could be true,...