Even under uncertainty, one thing can be certain — in a warmer world, there is no such thing as «normal» climate or weather anymore.
One unit of costs needs about 1.5 units of benefits for
compensation under uncertainty and explains why policy makers are more responsive to statements about the costs than the benefits of genetically engineered crops.
Certainly, there are uncertainties, but decisions are made
under uncertainty all the time — that is what executives are well paid to do.
When we train our new analysts we never fail to explain to them that investing is an exercise in decision
making under uncertainty.
Based on collaborations with our research partners, our climate projections make use of this information to produce probabilistic climate projections (as opposed to just «best - estimate» projections), which helps designing strategies for mitigating future climate change and adapting to such
changes under uncertainty.
At a time when the restaurant and tourism industries are still
struggling under the uncertainty associated with the Liberals» HST mess, the premier had nothing to offer in terms of a quick and smooth transition back to the PST, and committed $ 0 toward the tourism sector in her jobs plan, one of British Columbia's most important industries.
In the February 2012 draft of their paper entitled «Safe Haven Assets and Investor
Behaviour under Uncertainty», Dirk Baur and Thomas McDermott examine the roles of gold and U.S. Treasury instruments as safe haven assets during times of financial markets uncertainty.
Before any declaration, lots of companies decided to move their social HQ to another region of Spain, to avoid
loses under this uncertainties and avoid problems in a hypothetical declaration of independence (Also to be under the European umbrella of security).
Now it is still not clear if the Catalan government declared independence based on this referendum result, but before anything is clear many companies had already left
Catalonia under this uncertainty.
Fuzzy systems: techniques for
reasoning under uncertainty, have been widely used in modern industrial and consumer product control systems; capable of working with concepts such as «hot», «cold», «warm» and «boiling».
It's almost a shame that its two sequels are
under uncertainty as to their fate in the US, but I can only hope we can continue Estelle and Joshua's adventures in the near future.
My
remark under uncertainty and certainty remains, placing Cooperative CHP between public electricity and private industry.
physics envy, Monte Carlo simulation, risky cash flows, valuation, uncertainty,
valuation under uncertainty, stochastic algebra, capital budgeting, option pricing, numerical methods, computational statistics, portfolio theory, diversification, portfolio optimization
Forecasting building energy
demand under uncertainty using Gaussian process regression: Feature selection, baseline prediction, parametric analysis and a web - based tool B Yan, X Li, W Shi, X Zhang and A Malkawi 15th Conf.
Assuming that climate change and other deep uncertainties can not be eliminated over the short term (and probably even over the longer term), it then summarizes existing decision - making methodologies that are able to deal with climate - related uncertainty, namely cost - benefit
analysis under uncertainty, cost - benefit analysis with real options, robust decision making, and climate informed decision analysis.
To rephrase my earlier comment, and basically in agreement with the thinking of prof Pindyck (his name is familiar to me from the book Dixit & Pindyck:
Investement under Uncertainty on which I have based some of my lectures about 10 years ago).
The authors, who include the Oxford Martin School's Professor Myles Allen, argue that strategies should be «anti-fragile», meaning they are not just
robust under uncertainty but more successful under a wide range of uncertainties, including scientific, economic and political risks.
Sakellaris, Kostis (2010): Modeling Electricity Markets as Two - Stage Capacity Constrained Price Competition
Games under Uncertainty.
Gardiner, in defence of the precautionary principle, rightly notes that (i) the application of the precautionary principle demands that a range of realistic possibilities be established, and that (ii) this is required by any principle for decision making
under uncertainty whatsoever.
In short, the case method is designed to develop what my former HBS accounting professor, Tom Piper, calls «the courage to
act under uncertainty.»
Our model is ultimately translatable to other disease systems and shows how it can be done
even under uncertainty of key parameters.»