Module 4: Risk Under Deep Uncertainty

Robust Decision Making

The final example is the Robust Decision Making model. It is a model that—rather than predicting the future and crafting a strategy to meet that future—starts with strategy/decision-making, and then stress-tests the strategy against a broad range of scenarios. In the introduction video, below, the examples and illustrations were adapted from Rand Corporation.  (n.d.). The robust decision making framework. and Hadka, D. (2015, October 1). Introducing OpenMORDM.

Video attribution: “Climate Change and the Public Budgets” by Todd Thexton, Financial Impact of Climate Change, Adaptation Learning Network is licensed under CC BY 4.0.

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Financial Impact of Climate Change Copyright © 2021 by Todd Thexton is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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