Readings for Week 3
Reading
Please read Wing et al. (2020) for Wednesday’s class. As you read, please post any clarifying questions you have to Canvas.
This paper analyzes insurance claims data to evaluate and explore “depth-damage” curves. Please consider the following questions as you read:
- What is the difference between a probabilistic and deterministic depth-damage curve? What are practical advantages of a probabilistic depth-damage curve?
- If you were predicting flood damages for a structure, what information besides flood depth might be useful?
- What might explain the regional patterns of depth-damage curves in the paper?
- What are some problems with using insurance claims data to develop or validate depth-damage curves?
Please also prepare a discussion question for class based on this paper.
References
Wing, O. E. J., Pinter, N., Bates, P. D., & Kousky, C. (2020). New insights into US flood vulnerability revealed from flood insurance big data. Nature Communications, 11(1, 1), 1444. https://doi.org/10.1038/s41467-020-15264-2