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Category Archives: catastrophe modeling
Ah, wouldn’t it be lovely!? Is this the beginning of the Minsky Moment Mark Carney has feared? In short, that was because the trading markets had not priced in (a) the risks from climate change, and (b) the risks from … Continue reading
People talk about “thousand year storms”. Rather than being a storm having a recurrence time of once in a thousand years, these are storms which have a 0.001 chance per year of occurring. Storms aren’t the only weather events of … Continue reading
A great podcast episode. Check out the thoughts of the late Professor Martin Weitzman as well, in “The man who got economists to take climate nightmares seriously“.
Hat tip to Professor Rob Young and Audubon for a great newsfilm.
https://sms.cam.ac.uk/media/746045 Professor Bob Watson, University of East Anglia, presents the summary risk, climate change: The question is not whether the Earth’s climate will change in response to human activities, but when, where and by how much. Human activities are changing … Continue reading
From the First Street Foundation‘s press release, with selected figures below. This is based upon the methods described in: S. A. McAlpine, J. R. Porter, “Estimating recent local impacts of Sea-Level Rise on current real-estate losses: A housing market case … Continue reading
An article by Suilou Huang for catatrophe modeler AIR-WorldWide of Boston about rejection sampling in CAT modeling got me thinking about pulling together some notes about sampling algorithms of various kinds. There are, of course, books written about this subject, … Continue reading