Probability is All We Have: Uncertainties, Delays, and Environmental Policy Making

First published in 1990. In this study, the author suggests ways that policy-makers can think about environmental policy choice that responds to the importance of uncertainty and delay. Hammitt describes several tools for environmental policy analysis and illustrates their application to important policy issues.

In the first part of the book, dealing with stratospheric-ozone depletion, the author describes techniques for accommodating outcome uncertainties. The second part of the study cons...