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Introduction to Uncertainty Quantification

In: Handbook of Uncertainty Quantification

Author

Listed:
  • Roger Ghanem

    (University of Southern California, Department of Civil and Environmental Engineering)

  • David Higdon

    (Virginia Polytechnic Institute and State University, Social Decision Analytics Laboratory, Biocomplexity Institute)

  • Houman Owhadi

    (California Institute of Technology, Computing and Mathematical Sciences)

Abstract

Technology, in common with many other activities, tends toward avoidance of risks by investors. Uncertainty is ruled out if possible. People generally prefer the predictable. Few recognize how destructive this can be, how it imposes severe limits on variability and thus makes whole populations fatally vulnerable to the shocking ways our universe can throw the dice.

Suggested Citation

  • Roger Ghanem & David Higdon & Houman Owhadi, 2017. "Introduction to Uncertainty Quantification," Springer Books, in: Roger Ghanem & David Higdon & Houman Owhadi (ed.), Handbook of Uncertainty Quantification, chapter 1, pages 3-6, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-12385-1_1
    DOI: 10.1007/978-3-319-12385-1_1
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