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A Bernoulli Formulation of the Land-Use Portfolio Model

October 4, 2008

Decision making for natural-hazards mitigation can be sketched as knowledge available in advance (a priori), knowledge available later (a posteriori), and how consequences of the mitigation decision might be viewed once future outcomes are known. Two outcomes - mitigating for a hazard event that will occur, and not mitigating for a hazard event that will not occur - can be considered narrowly correct. Two alternative outcomes - mitigating for a hazard event that will not occur, and not mitigating for a hazard event that will occur - can be considered narrowly incorrect. The dilemma facing the decision maker is that mitigation choices must be made before the event, and often must be made with imperfect statistical techniques and imperfect data.

Publication Year 2008
Title A Bernoulli Formulation of the Land-Use Portfolio Model
DOI 10.3133/ofr20081310
Authors Richard A. Champion
Publication Type Report
Publication Subtype USGS Numbered Series
Series Title Open-File Report
Series Number 2008-1310
Index ID ofr20081310
Record Source USGS Publications Warehouse
USGS Organization Geographic Analysis and Monitoring Program