jats:titleAbstract</jats:title>jats:pPredicting floods and droughts is essential to inform the development of policy in water management, climate change adaptation and disaster risk reduction. Yet, hydrological predictions are highly uncertain, while the frequency, severity and spatial distribution of extreme events are further complicated by the increasing impact of human activities on the water cycle. In this commentary, we argue that four main aspects characterizing the complexity of human‐water systems should be explicitly addressed: feedbacks, scales, tradeoffs and inequalities. We propose the integration of multiple research methods as a way to cope with complexity and develop policy‐relevant science.</jats:p>