Our team is part of the Floodnet Network, an initiative to improve flood forecasting and management in Canada. As part of this five year project, our team is involved in understanding the social and policy impacts of floods and flood planning.
More specifically, our project involves assessing the social impact of floods using traditional stated preference surveys, as well as economic experiments. In these projects, we aim to understand decision making under conditions of uncertainty, and in particular, the decisions to participate in private damage mitigation (such as flood insurance, renovation and relocation).
Following this, we will use this information to better inform policy makers about how to better prepare for the consequences of flood events, and to develop policy instruments that reduce the magnitude of these consequences when flood events occur.