Option appraisal for a policy instrument
Regulation, information, incentives and public provision are compared on stated criteria with multi-criteria analysis, and the weights are shown so stakeholders can see how the ranking depends on them.
GRF · Policy Nexus
Decision analysis under uncertainty structures public choices where outcomes are uncertain and objectives conflict. In this field it supports option analysis for mandates, instruments and investments, makes value judgements explicit, and helps institutions choose actions that remain acceptable across plausible futures rather than optimal for one.
Decision analysis under uncertainty provides structured methods for choosing among options when outcomes are uncertain and objectives conflict. It makes trade-offs and value judgements explicit. In policy, governance and institutions and risk management and systemic risk, decision analysis helps choose actions that perform acceptably across interconnected risks and uncertain futures. It clarifies when to act now and when to keep options open. The canonical description is on the STEM Commons.
Regulation, information, incentives and public provision are compared on stated criteria with multi-criteria analysis, and the weights are shown so stakeholders can see how the ranking depends on them.
Sequences of measures are laid out with signposts and tipping points, so a plan names the conditions under which it should switch course before those conditions arrive.
Analysts estimate whether further evidence, such as a pilot or an evaluation, could change the decision enough to justify its delay and cost.
The screen a team would use to follow this method: its measures, states and decisions. Names are examples and values are illustrative.
Policy · Decision analysis for public · Run R-3001
| Policies tracked | Lognormal | policies, stated | expert elicitation |
| In consultation | Uniform | policies, stated | expert elicitation |
| Implementation milestones met | Lognormal | of milestones, stated | expert elicitation |
| Evaluations scheduled | Lognormal | evaluations, stated | expert elicitation |
Datasets and records used by decision analysis under uncertainty on this platform, with the role each plays and the label its values carry. Sources are listed in the source register.
| Data | Role | Label |
|---|---|---|
| Expert elicitation | Probabilities where data are thin | ESTIMATED |
| Scenario sets | Plausible futures for stress-testing options | MODELLED |
| Cost and benefit estimates | Consequences of options | ESTIMATED |
| Consultation records and preference surveys | Criteria and weights | REPORTED |
The instruments, mandates, actors and accountability arrangements a policymaker, diplomat or development agency works with, citing the agreements that set them. Structures follow the frameworks named. Any state or progress drawn is illustrative, not a record.
The kinds of instrument available on decision analysis for public choices, by level of government and cooperation.
| Instrument type | Local | National | Regional | Global |
|---|---|---|---|---|
| Regulatory | Zoning, building codes | Laws, standards, licensing | Harmonised rules | Conventions and treaties |
| Economic | Local levies, grants | Budget lines, taxes, insurance schemes | Risk pools, regional funds | Financing mechanisms |
| Information | Local warnings | Disclosure, early warning, statistics | Data sharing arrangements | Global monitoring and reporting |
| Institutional | Local committees | Lead agencies, coordination councils | Regional bodies and secretariats | Multilateral mandates |
| Cooperative | Community agreements | Partnership compacts | Memoranda and joint programmes | Agreements and joint commitments |
Analyses are checked through sensitivity analysis, peer review and stakeholder scrutiny. Retrospective review compares decisions with outcomes.
| Check | How it is done |
|---|---|
| Sensitivity analysis | Weights, probabilities and costs are varied to show which drive the choice |
| Structured elicitation protocol | Expert judgements follow a documented protocol with calibration questions and stated aggregation rules |
| Stakeholder review | Criteria and weights are reviewed by those affected before the analysis is finalised |
| Retrospective review | Past decisions are compared with outcomes to learn about the process, not to judge by hindsight |
Results depend on elicited probabilities and preferences that may be biased. Deep uncertainty can make expected value comparisons misleading.
Process explorer · Process
10 steps·4 stages
Process
In IPCC AR6 Working Group II, climate risk results from interactions between hazards and a system's exposure and vulnerability, and responses can add risk.
Outline of an external standard or method, from its public sources. It describes what the framework says, not a record of any run. It does not show that Nexus or any partner performs, certifies or approves a step. A gate is a step of the method, never a Nexus approval.
Systemic Risk Management stewards decision analysis under uncertainty for the Consortium and reviews how it is applied across platforms.
Reports is the Consortium's quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.
Never send personal data, sensitive infrastructure detail or anything you have no right to share. A contribution is reviewed before use; sending it confers no authorship or editorial rights, and sponsorship never buys a finding.
Information and enquiries are open today. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.
Maps, data and figures on this site are shown for context and general information. They are not advice, forecasts or warnings; the limits of the information are set out in the Disclaimers and Data Notices.
This site uses only strictly necessary cookies to work and to remember your privacy choices. Nothing loads from other companies, and we never sell or share your personal information.
This site uses only strictly necessary cookies to work and to remember your privacy choices. Nothing loads from other companies, and we never sell or share your personal information. We run no advertising. You can review your choices at any time through Privacy choices at the foot of every page.