T121 Combining Geophysics and Geology: The George P. Woollard Award Session
Monday, 5 November 2012
1:30 PM - 5:30 PM
211AB
PLAYING AGAINST NATURE: IMPROVING EARTHQUAKE HAZARD MITIGATION
Paper number: T121-11
Program: Technical Sessions
Time: 4:00 PM – 4:15 PM
Authors
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Jerome SteinProvidence, RI
Abstract
Thus society needs strategies to mitigate earthquake and tsunami hazards that make economic and societal sense, given that our ability to assess these hazards is poor, as illustrated by highly destructive earthquakes that often occur in areas predicted by hazard maps to be relatively safe. Conceptually, we are playing a game against nature “of which we still don't know all the rules” (Lomnitz, 1989). Nature chooses tsunami heights or ground shaking, and society selects the strategy to minimize the total costs of damage plus mitigation costs. As in any game of chance, we maximize our expectation value by selecting the best strategy, given our limited ability to estimate the occurrence and effects of future events.
We thus outline a framework to find the optimal level of mitigation by balancing its cost against the expected damages, recognizing the uncertainties in the hazard estimates. This framework illustrates the role of the uncertainties and the need to candidly assess them. It can be applied to exploring policies under various hazard scenarios and mitigating other natural hazards.
For more information, see http://www.earth.northwestern.edu/people/seth/research/eqrec.html