
CALCULATING CATASTROPHE.
Title:
CALCULATING CATASTROPHE.
Author:
Woo, Gordon.
ISBN:
9781848167407
Personal Author:
Physical Description:
1 online resource (368 pages)
Contents:
Contents -- Cover Photograph Anak Krakatau -- Prologue Chaos, Crisis and Catastrophe -- Chapter 1 Natural Hazards -- 1.1 Causation and Association -- 1.2 Extra-Terrestrial Hazards -- 1.2.1 Solar storms -- 1.3 Meteorological Hazards -- 1.3.1 Tropical cyclones -- 1.3.2 Tornadoes -- 1.3.3 Extra-tropical windstorms -- 1.4 Geological Hazards -- 1.4.1 Earthquakes -- 1.4.2 Volcanic eruptions -- 1.5 Geomorphic Hazards -- 1.5.1 Landslides -- 1.5.2 Debris flows -- 1.6 Hydrological Hazards -- 1.6.1 River flooding -- 1.6.2 Storm surges -- 1.6.3 Tsunamis -- Chapter 2 Societal Hazards -- 2.1 Political Violence -- 2.1.1 The wave theory of terrorism -- 2.1.2 Cyber attack -- 2.2 Infectious Disease Pandemics -- 2.2.1 Vaccination -- 2.2.2 SIR analysis -- 2.3 Industrial and Transportation Accidents -- 2.3.1 The learning curve -- 2.4 Fraud Catastrophe -- 2.4.1 Ponzi schemes -- 2.4.2 Operational risk -- Chapter 3 A Sense of Scale -- 3.1 Size Scales of Natural Hazards -- 3.1.1 Tropical cyclones -- 3.1.2 Tornadoes -- 3.1.3 Volcanic eruptions -- 3.1.4 Earthquakes -- 3.1.5 Tsunamis -- 3.1.6 River floods -- 3.1.7 Space weather -- 3.1.8 Extra-terrestrial impacts -- 3.2 Hazard Spatial Scales -- 3.2.1 Tropical cyclones -- 3.2.2 Earthquakes -- 3.2.3 Volcanic eruptions -- 3.2.4 Environmental pollution -- 3.2.5 Debris flows -- 3.2.6 Landslides -- 3.2.7 Tsunamis -- 3.2.8 River floods -- 3.2.9 Extra-terrestrial impacts -- 3.3 The Human Disaster Toll -- 3.4 Models of a Fractal World -- 3.4.1 Model representations -- 3.4.2 Landscape models -- 3.4.3 Uncertainty in model depictions -- Chapter 4 A Measure of Uncertainty -- 4.1 The Concept of Probability -- 4.2 The Meaning of Uncertainty -- 4.3 Aleatory and Epistemic Uncertainty -- 4.3.1 Wavelets and aleatory uncertainty in seismic ground motion -- 4.4 Probability Ambiguity -- 4.4.1 Knightian uncertainty -- 4.4.2 Subjective probability.
4.5 The Weighing of Evidence -- 4.5.1 Bayesian epistemology and Black Swans -- Chapter 5 A Matter of Time -- 5.1 Temporal Models of Hazards -- 5.1.1 Poisson processes -- 5.1.2 Markov processes -- 5.1.3 Waiting for the next event -- 5.2 Long-Term Data Records -- 5.2.1 River discharges -- 5.3 Statistics of Extremes -- Chapter 6 Catastrophe Complexity -- 6.1 Emergent Catastrophes -- 6.1.1 Conspiracies -- 6.1.2 Infrastructure cascade failure -- 6.2 Financial Crashes -- 6.2.1 Complexity of a financial market -- 6.2.2 Financial market bubbles -- 6.3 Ancillary Hazards -- 6.3.1 Tipping points -- 6.3.2 Randomness and order -- Chapter 7 Terrorism -- 7.1 A Thinking Man's Game -- 7.1.1 Targeting -- 7.2 Defeating Terrorist Networks -- 7.2.1 Plot interdiction -- 7.3 Counter-Radicalization -- Chapter 8 Forecasting -- 8.1 Earthquake Forecasting -- 8.1.1 Stochastic triggering model of earthquake occurrence -- 8.1.2 Tsunamis generated by earthquakes -- 8.2 Verification -- 8.3 River Flows and Sea Waves -- 8.3.1 Sea waves generated by extreme storms -- 8.4 Accelerating Approach to Criticality -- 8.5 Evidence-Based Diagnosis -- Chapter 9 Disaster Warning -- 9.1 Decision in the Balance -- 9.1.1 Hazard advisory -- 9.2 Evacuation -- 9.2.1 Landfalling hurricanes -- 9.2.2 Volcanic eruptions -- 9.2.3 River floods -- 9.2.4 Terrorist attacks -- 9.3 The Wisdom of Experts -- 9.3.1 Elicitation of expert judgement -- 9.3.2 Informativeness and calibration -- 9.3.3 The mathematician as decision-maker -- Chapter 10 Disaster Scenarios -- 10.1 Scenario Simulation -- 10.1.1 Counterfactual history -- 10.1.2 Stochastic event sets -- 10.2 Footprints and Vulnerability -- 10.2.1 Footprint uncertainty -- 10.2.2 Vulnerability -- 10.2.3 Murphy's Law -- 10.3 Fermi Problems -- 10.3.1 The Fermi paradox -- 10.3.2 Earth impacts of a meteorite strike.
10.3.3 Solar storm impact on satellite orbit decay -- 10.3.4 Building resonance under earthquake excitation -- 10.3.5 Real-time earthquake casualty estimation -- 10.3.6 Tsunami travel time -- 10.3.7 Gauging injury severity -- 10.3.8 H5N1 avian pandemic influenza -- 10.3.9 Global temperature of the Earth -- Chapter 11 Catastrophe Cover -- 11.1 Probable Maximum Loss -- 11.1.1 Deterministic estimates of maximum earthquake loss -- 11.1.2 Rationale for a probabilistic approach -- 11.1.3 Hazard exceedance probability curves -- 11.1.4 Portfolio loss exceedance probability curves -- 11.1.5 Loss aggregation -- 11.2 Coherent Risk Measures -- 11.2.1 Expected shortfall -- 11.3 The Samaritan's Dilemma -- 11.3.1 Earthquake risk transfer in Tehran -- 11.3.2 Diaspora disaster insurance -- Chapter 12 Catastrophe Risk Securitization -- 12.1 Catastrophe Bonds -- 12.1.1 Bond pricing -- 12.1.2 The WinCAT bond -- 12.2 The Price of Innovation -- 12.2.1 Golden Goal Finance Ltd. -- 12.2.2 Mortality securitization -- 12.2.3 Counterfactual correlations -- Chapter 13 Risk Horizons -- 13.1 Ecological Catastrophe -- 13.1.1 Early warning for tipping points -- 13.1.2 Ecological resilience -- 13.1.3 Environmental impact assessment -- 13.2 Climate Change -- 13.2.1 Climate model confirmation -- 13.2.2 Climate change impacts -- 13.3 War and Conflict Resolution -- 13.3.1 The logic of non-violence -- Epilogue Black and Red Swans -- Bibliography -- Index.
Abstract:
Calculating Catastrophe has been written to explain, to a general readership, the underlying philosophical ideas and scientific principles that govern catastrophic events, both natural and man-made. Knowledge of the broad range of catastrophes deepens understanding of individual modes of disaster. This book will be of interest to anyone aspiring to understand catastrophes better, but will be of particular value to those engaged in public and corporate policy, and the financial markets. The author, Dr. Gordon Woo, was trained in mathematical physics at Cambridge, MIT and Harvard, and has made his career as a calculator of catastrophes. His diverse experience includes consulting for IAEA on the seismic safety of nuclear plants and for BP on offshore oil well drilling. As a catastrophist at Risk Management Solutions, he has advanced the insurance modelling of catastrophes, including designing a model for terrorism risk.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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