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MULTIBALL by Jan Bunge's avatar

Thank you for sharing this!

I would love to add another boundary: the conditions under which another institution may rely on a forecast for a particular decision.

Aviation benefits from rapid feedback: forecasts can be checked against frequent observations as the weather unfolds.

In my work on assessing simulations of living landscapes for climate adaptation I am facing a verification problem. A model might estimate how much a wetland reduces flooding, but an insurer, investor or public authority still needs to establish which commitments that evidence can support, who maintains the conditions it depends on, and what happens when those conditions change.

Using the same model to justify a commitment and check its success risks circular reasoning unless independent evidence can challenge its assumptions.

The thing to formalise is a commitment to make the evidence, assumptions and limits explicit, keep the assessment open to challenge, and respond when its basis changes. Since in the case of nature based solutions, a financial commitment may run for decades, the obligation to check whether its supporting assumptions still hold must as well. There is a lot to study and learn from the processes and systems developed in the aviation domain, open banking and how we approve new pharmaceuticals.

Thank you again for sharing your thoughts!

Best wishes, Jan

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