The Cost of Risk Aversion: Eliciting risk preferences and re-evaluating flood protection standards in the Netherlands

Where water flows, prosperity follows.<br/><br/>Many prosperous areas around the world are situated near large bodies of water such as oceans, seas, and rivers. These bodies of water play a vital role in enhancing the prosperity of societies through various means. They provide convenient access to transportation, food, recreation, and many other...

Feasibility of the Polders: When can the Dutch polderconcept become economically unviable?

Adequate flood protection is important to many countries, but especially so to the Netherlands. With a large share of its population centers located below sea level, in so-called polders, the need for flood protection systems quickly becomes apparent. This need is even more pressing with the rise of sea levels and the increase in river discharge...