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Playing against Nature: Integrating Science and Economics to Mitigate Natural Hazards in an Uncertain World by Seth Seth Stein Stein, Jerome Jerome Stein Stein

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11Mitigating Hazards

“I was learning that choices in war are rarely between good and bad, but between bad and worse.”

Nathan Fick, One Bullet Away: The Making of a Marine Officer, 20061

11.1    Approaches

The goal of assessing natural hazards is to develop strategies to cope with them. This task can be viewed as part of the discipline called risk management, which explores how individuals, organizations, and communities can identify, assess, and minimize the effects of undesirable events. These events could be natural, financial, legal or political. Many different terms are used for similar concepts. In this book, as is typical in the natural hazards literature, we use “hazard” for a natural event and “risk” for its effects on people and property. ...

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