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Risk preferences in strategic wildfire decision making : a choice experiment with U.S. wildfire managers

 
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<title>Risk preferences in strategic wildfire decision making</title>
<subTitle>: a choice experiment with U.S. wildfire managers</subTitle>
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<dateIssued encoding="marc">2013</dateIssued>
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<abstract displayLabel="Summary">Federal policy has embraced risa management as an appropriate paradigm for wildfire management. Economic theory suggests that over repeated wildfire events, potential economic costs and risas of ecological damage are optimally balanced when management decisions are free from biases, risa aversion, and risa seeking. Of primary concern in this article is how managers respond to wildfire risa, including the potential effect of wildfires (on ecological values, structures, and safety) and the likelihood of different fire outcomes. We use responses to a choice experiment questionnaire of U.S. federal wildfire managers to measure attitudes toward several components of wildfire risa and to test whether observed risa attitudes are consistent with the efficient allocation of wildfire suppression resources. Our results indicate that fire managers¿ decisions are consistent with nonexpected utility theories of decisions under risa. Managers may overallocate firefighting resources when the likelihood or potential magnitude of damage from fires is low, and sensitivity to changes in the probability of fire outcomes depends on whether probabilities are close to one or zero and the magnitude of the potential harm</abstract>
<note type="statement of responsibility">Matthew J. Wibbenmeyer...[et.al]</note>
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<title>Risk analysis : an international journal</title>
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<publisher>McLean, Virginia : Society for Risk Analysis, 1987-2015</publisher>
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<identifier type="issn">0272-4332</identifier>
<identifier type="local">MAP20077000345</identifier>
<part>
<text>10/06/2013 Volumen 33 Número 6 - junio 2013 , p. 1021-1037</text>
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