A Multi-Pathfinder for Developing Adaptive Robust Policies in System Dynamics

Adaptivity is essential for dynamically complex and uncertain systems. Adaptive policymaking is an approach to design policies that can be adapted over time to how the future unfolds. It is crucial for adaptive policymaking to specify under what conditions and how to adapt the policy. The performance of adaptive policy is critically depended on...

Adaptive policymaking under deep uncertainty: Optimal preparedness for the next pandemic

The recent flu pandemic in 2009 caused a panic about the possible consequences due to deep uncertainty about an unknown virus. Overstock of vaccines or unnecessary social measures to be taken were all due to uncertainty. However, what should be the necessary actions to take in such deeply uncertain situation where there is no or very little...