{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/143149"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/143149","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Design of a Market Exchange for Climate risk","abstract":"Significant scientific research has been performed that shows human activities are the primary contributor to a warming climate, but disagreement exists in the likelihood and impact of this change. For example, projections for sea level rise (SLR) have been developed by certain cities, and the mitigating costs related to managing this risk can be estimated. Still, there exists disagreement between the true probability of change, rise and impact. This paper proposes a real-time pari-mutuel market based on a blockchain to capture this disagreement and manage SLR risk more cost-effectively for the City of Boston.","abstract_html":"Significant scientific research has been performed that shows human activities are the primary contributor to a warming climate, but disagreement exists in the likelihood and impact of this change. For example, projections for sea level rise (SLR) have been developed by certain cities, and the mitigating costs related to managing this risk can be estimated. Still, there exists disagreement between the true probability of change, rise and impact. This paper proposes a real-time pari-mutuel market based on a blockchain to capture this disagreement and manage SLR risk more cost-effectively for the City of Boston.","abstract_has_math":false,"creators":["Jansen van Rensburg, Nicholas A."],"institution":"Massachusetts Institute of Technology","degree_name":"Master","degree_level":null,"degree_discipline":null,"degree_department":"System Design and Management Program.","school":null,"contributors":[],"advisors":["Pentland, Alex"],"committee_chairs":[],"committee_members":[],"year":2022,"date_issued":"2022-02","date_published":"2022-02","updated_at":"2026-07-22T22:20:44Z","subjects":[],"languages":[],"rights":["In Copyright - Educational Use Permitted","Copyright retained by author(s)"],"rights_urls":["https://rightsstatements.org/page/InC-EDU/1.0/"],"identifier_entries":[]},"links":{"outbound_url":"https://hdl.handle.net/1721.1/143149","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Pentland, Alex"]},{"key":"dc:contributor.department","label":"Department","values":["System Design and Management Program."]},{"key":"dc:creator","label":"Author","values":["Jansen van Rensburg, Nicholas A."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2022-06-15T12:59:38Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2022-06-15T12:59:38Z"]},{"key":"dc:date.issued","label":"Date","values":["2022-02"]},{"key":"dc:publisher","label":"Institution","values":["Massachusetts Institute of Technology"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Master","Master of Science in Engineering and Management"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:rights","label":"Dc Rights","values":["In Copyright - Educational Use Permitted","Copyright retained by author(s)"]},{"key":"dc:rights.uri","label":"Rights URI","values":["https://rightsstatements.org/page/InC-EDU/1.0/"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://hdl.handle.net/1721.1/143149"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Significant scientific research has been performed that shows human activities are the primary contributor to a warming climate, but disagreement exists in the likelihood and impact of this change. For example, projections for sea level rise (SLR) have been developed by certain cities, and the mitigating costs related to managing this risk can be estimated. Still, there exists disagreement between the true probability of change, rise and impact. This paper proposes a real-time pari-mutuel market based on a blockchain to capture this disagreement and manage SLR risk more cost-effectively for the City of Boston."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["S.M."]},{"key":"dc:title","label":"Title","values":["Design of a Market Exchange for Climate risk"]}]}],"canonical_facts":{"dc:contributor.advisor":["Pentland, Alex"],"dc:contributor.department":["System Design and Management Program."],"dc:creator":["Jansen van Rensburg, Nicholas A."],"dc:date.accessioned":["2022-06-15T12:59:38Z"],"dc:date.available":["2022-06-15T12:59:38Z"],"dc:date.issued":["2022-02"],"dc:description.abstract":["Significant scientific research has been performed that shows human activities are the primary contributor to a warming climate, but disagreement exists in the likelihood and impact of this change. 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