catastrophic events

• Dan Farber
• February 22, 2010

New Approaches to Analyzing Uncertainty

New analytic methods are emerging for dealing with tough problems that are not amenable to conventional risk analysis. These techniques also shed light on the precautionary principle.

• Dan Farber
• February 3, 2010

Extreme Events

I spent yesterday at a conference at RFF on managing “tail risks” — the low-probability but extreme events that are on the tail of the probability distribution.  Some probability distributions have what are called fat tails, meaning that the extreme events are more likely than you would expect from a normal distribution. One way of …

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