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We build a satisficing model of probabilistic choice under risk which embeds Expected Utility Theory (EUT) into a boundedly rational deliberation process. The decision maker accumulates evidence for and against alternative options by repeatedly sampling from her underlying set of EU preferences...
Persistent link: https://www.econbiz.de/10015256520
Effective integrated water management is a key component of the World Water Vision and the way in which aspirations for water equity may be realized. Part of the vision includes the promotion of sustainability of water systems and full accountability for their interaction with other urban...
Persistent link: https://www.econbiz.de/10009484563
The approach to water management worldwide is currently in transition, with a shift evident from purely centralised infrastructure to greater consideration of decentralised technologies, such as rainwater harvesting (RWH). Initiated by recognition of drivers including increasing water demand and...
Persistent link: https://www.econbiz.de/10009440937