Estimating household preferences for coastal flood risk mitigation policies under ambiguity

Si Ha, Toshio Fujimi, Xinyu Jiang, Nobuhito Mori, Rawshan Begum, Masahide Watanabe, Hirokazu Tatano & Eiichi Nakakita
Risk mitigation policies (like dike rising) are essential to address increasing coastal flood risks due to global warming. Furthermore, the optimal level of risk mitigation policy should be determined by public preferences for risk reduction. However, it is difficult to reveal public preferences for coastal flood risk reduction because projections of coastal flood risks inevitably involve uncertainty. This study aims to estimate household preference for coastal flood reduction under ambiguity and multiple projections of coastal...
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