Does the information impact on you or your organisation? If your answer is yes, then it passes the relevance test!
Relevant information adds value because it can be applied to the situation, and help to inform decisions.
Test your judgment of accurate and relevant information in the following activity.
Scenario: An Australian insurance provider asks you to summarise existing, relevant research on people’s responses to the risk of flooding.
Based on this article excerpt answer the questions below:
'Our study suggests that heterogeneity in response to flood risk can partially be explained by one’s prior experience with flood risk, age, race and ethnicity, and educational attainment. We find that individuals born in high-risk regions are more averse to flood risk than those born in moderate- or lowrisk regions. Hispanics are more likely to locate in risky areas compared to blacks and whites—a result consistent with previous findings by Smith et al.(22) that suggest Hispanic households are likely to move into damaged areas after catastrophe due to declining housing prices. Also consistent with the research of Smith et al.(22) is our finding that highly educated and potentially wealthier individuals are less sensitive to flood risk, which can be partially explained by their ability to self-insure and WTP for improved local public services.'