Closing the Gap between Risk Estimation and Decision Making: Efficient Management of Trade-Related Invasive Species Risk
Closing the Gap between Risk Estimation and Decision Making: Efficient Management of Trade-Related Invasive Species Risk
复制标题
缩小风险评估和决策之间的差距:有效管理与贸易相关的入侵物种风险
DOI:
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发表时间:
2013
影响因子:
8
通讯作者:
Michael R. Springborn
中科院分区:
文献类型:
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作者:
Robert P. Lieli;Michael R. Springborn
Abstract This paper examines the implications of a binary action, binary outcome decision problem for estimating risk. We use data on the invasiveness of biological imports to develop the first comparison of two classical methods—maximum likelihood and Bayesian—against a third, the recently developed maximum utility (MU) approach. MU estimation uniquely takes advantage of the structure of the decision problem, which depends on a local rather than global fit to the model. Extending methods to account for an endogenously stratified sample, we show that the MU approach is less sensitive to specification error and can offer significant economic gains under model uncertainty.