Making Confident Decisions with Model Ensembles.

Many policy decisions take input from collections of scientific models. Such decisions face significant and often poorly understood uncertainty. We rework the so-called confidence approach to tackle decision-making under severe uncertainty with multiple models, and we illustrate the approach with a...

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Publicado en:Philosophy of Science Vol. 88; no. 3; pp. 439 - 461
Autores principales: Roussos, Joe, Bradley, Richard, Frigg, Roman
Formato: Artículo
Publicado: Cambridge University Press Jul2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Roussos, Joe
          Bradley, Richard
          Frigg, Roman
      su:
        Decision making
        Scientific models
        Uncertainty
        Hurricanes
        Confidence
      sug:
        subj:
          Decision making
          Scientific models
          Uncertainty
          Hurricanes
          Confidence
      ab: Many policy decisions take input from collections of scientific models. Such decisions face significant and often poorly understood uncertainty. We rework the so-called confidence approach to tackle decision-making under severe uncertainty with multiple models, and we illustrate the approach with a case study: insurance pricing using hurricane models. The confidence approach has important consequences for this case and offers a powerful framework for a wide class of problems. We end by discussing different ways in which model ensembles can feed information into the approach, appropriate to different collections of models.
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    language: English
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      custom: Copyright of Philosophy of Science is the property of Cambridge University Press and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use.
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