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Should we try to predict the next great U.S. earthquake?.

By: Material type: TextTextLanguage: ENG Publication details: 1990Description: 16 pSubject: Short term earthquake prediction has become technically possible. However, the desirability of such predictions depends both on the probability of successfully predicting an event and on the odds of false predictions. This paper investigates the economic feasibility of earthquake prediction as a function of program performance for the Los Angeses area. Based on the now increasing probability of a great earthquake in the region, the paper concludes that, given current best estimates of program performance, such predictions may well provide expected benefits which exceed expected costs.
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Reprinted from Journal of Environmental Economics and Management; vol. 18; p. 247-262

Short term earthquake prediction has become technically possible. However, the desirability of such predictions depends both on the probability of successfully predicting an event and on the odds of false predictions. This paper investigates the economic feasibility of earthquake prediction as a function of program performance for the Los Angeses area. Based on the now increasing probability of a great earthquake in the region, the paper concludes that, given current best estimates of program performance, such predictions may well provide expected benefits which exceed expected costs.

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