Coping with Uncertainty

Modeling and Policy Issues

Herausgegeben: Marti, Kurt; Ermoliev, Yuri; Makowski, Marek; Pflug, Georg
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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 dominantes, 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" ...