Earthquake prediction as a decision-making problem

In this review we consider an interdisciplinary problem of earthquake prediction involving economics. This joint research aids in understanding the prediction problem as a whole and reveals additional requirements for seismostatistics. We formulate the problem as an optimal control problem: Prossessing the possibility to declare several types of alerts, it is necessary to find an optimal changing alert types; each successful prediction prevents a certain amount of losses; total expected losses are integrated over the semi-infinite time interval. The discount factor is included in the model. Algorithmic and exact solutions are indicated.