Comment on "Significance of "high probability/low damage" versus "low probability/high damage" flood events" by Merz et al. (2009)
Open Access
- 5 January 2010
- journal article
- Published by Copernicus GmbH in Natural Hazards and Earth System Sciences
- Vol. 10 (1) , 1-2
Abstract
This comment is meant to shed some light on the use of so-called "risk aversion functions" in the management of flood risks and other natural hazards as recently proposed in this journal (Merz et al., 2009). In particular, I resume the discussion as to whether the relative damage is a suitable indicator of risk aversion and lay out why the use of this indicator may lead to inefficient decisions upon flood mitigation measures.Keywords
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- Significance of "high probability/low damage" versus "low probability/high damage" flood eventsNatural Hazards and Earth System Sciences, 2009