Challenges and opportunities for economic evaluation of disaster risk decisions

Disaster risk management typically involves significant investment to mitigate low probablility or highly uncertain events.

The paper argues that under these circumstances existing economic evaluation toolkits do not adequately support decision-making.

An outline of key economic evaluation tools used in decision-making is given, as well as advancing a research agenda for future development and application of better approaches to disaster risk management.

Further information

View an abstract of this paper in Economics of Disasters and Climate Change.