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Comment on "Significance of "high probability/low damage" versus "low probability/high damage" flood events" by Merz et al. (2009)
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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Citation: Rheinberger, C. M.: Comment on "Significance of "high probability/low damage" versus "low probability/high damage" flood events" by Merz et al. (2009), Nat. Hazards Earth Syst. Sci., 10, 1-2, doi:10.5194/nhess-10-1-2010, 2010. Bibtex EndNote Reference Manager XML
