Articles | Volume 10, issue 1
Nat. Hazards Earth Syst. Sci., 10, 1–2, 2010
https://doi.org/10.5194/nhess-10-1-2010
Nat. Hazards Earth Syst. Sci., 10, 1–2, 2010
https://doi.org/10.5194/nhess-10-1-2010

  05 Jan 2010

05 Jan 2010

Comment on "Significance of "high probability/low damage" versus "low probability/high damage" flood events" by Merz et al. (2009)

C. M. Rheinberger C. M. Rheinberger
  • WSL Institute for Snow and Avalanche Research SLF, Risk Management Group, 7260 Davos, Switzerland

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.

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