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Whats at Stake? Understanding the Role of Home Equity in Flood Insurance Demand Yanjun Liao1,2 and Philip Mulder3 1Wharton Risk Center Resources for the Future 3 The Wharton School, University of
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The 'whats at stake understanding' refers to the process of identifying and clarifying the potential risks and consequences involved in a particular decision or action.
Typically, individuals or organizations involved in high-stakes decisions or actions are required to file a 'whats at stake understanding'.
To fill out a 'whats at stake understanding', one must gather relevant information, assess risks, outline potential consequences, and submit the appropriate documentation as required by the governing body.
The purpose of a 'whats at stake understanding' is to ensure that all parties are aware of the risks and implications of their decisions, promoting informed decision-making.
Information that must be reported includes details of the decision, identified risks, potential impacts, and any relevant stakeholder opinions.
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