Lesson 14: Incorporating Risk in Economic Analysis

Learning Objectives

• Evaluate the expected annual flood damages for a project using flood frequency and damage-flow information

Handouts

• Flood-Damage Example

Reading Assignment

• Faber (1997) (reference)
• Davis et al. (2008) (reference)
• Arnell (1989) (reference)
• Goldman (1987) (reference)

Homework Problems

• None