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- W1994361722 abstract "Traditional discounting dramatically affects the outcome of catastrophic risk management and spatio-temporal vulnerability modeling. The misperception of discount rates produces inadequate evaluations of risk management strategies, which may provoke catastrophes and significantly contribute to the increasing vulnerability of our society. This paper analyses the implication of potential catastrophic events on the choice of discounting. In particular, it shows the necessity of using proposed equivalent undiscounted stopping time criterion and Monte Carlo based stochastic optimization procedures." @default.
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- W1994361722 date "2008-12-01" @default.
- W1994361722 modified "2023-09-26" @default.
- W1994361722 title "Discounting, catastrophic risks management and vulnerability modeling" @default.
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- W1994361722 doi "https://doi.org/10.1016/j.matcom.2008.02.004" @default.
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