Uncertainty and the Environment

Download or read book Uncertainty and the Environment written by Richard Young and published by Edward Elgar Publishing. This book was released on 2001 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: After critiquing the use of traditional models such as expected utility in environmental decision-making, Young, a consultant with Arthur Anderson in London, argues for evaluating decision-making models in relation to the rationality of the way decisions are made. He outlines an alternative model of making decisions under uncertainty derived from the work of George Shackle, and applies it to environmental decision making by the government of Belize, the Inter- American Development Bank, the World Bank, and other institutions. Annotation copyrighted by Book News, Inc., Portland, OR