Expected benefits and costs of increasing the threshold

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A tsunami early warning system is designed to sound a warning when the threat of a tsunami has increased. For instance, the triggering event of a system in Indonesia is an earthquake with a moment magnitude greater than the critical threshold of 7.2 Mw (Seng, 2013). What are the expected benefits and costs of decreasing the threshold? What are the expected benefits and costs of increasing the threshold?

Reference no: EM131366565

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