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Webinar: The Value of Improved Hurricane Forecasts
Wednesday, 13 May 2020, 11:00
Wednesday, May 13, 2020. 11:00AM. Webinar: The Value of Improved Hurricane Forecasts. Renato Molina, University of Miami. Sponsored by NOAA's Southeast and Caribbean Regional Team. More information here.
Renato Molina, Assistant Professor of Environmental and Resource Economics from the University of Miami, Rosenstiel School of Marine and Atmospheric Science will discuss his recent NOAA funded work on the economic value of improved hurricane forecasts. In this project, we merge atmospheric modeling and econometrics to elicit the public willingness to pay for more accurate hurricane forecasts through a large-scale choice experiment. Focusing on areas recently hit by hurricanes Florence and Michael, we establish the value of improvements in storm track, wind speed, and precipitation forecast precision.