TITLE

What We Know, And What We Don't

AUTHOR(S)
Panning, William H.
PUB. DATE
January 2011
SOURCE
Best's Review;Jan2011, Vol. 111 Issue 9, p74
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the views of former U.S. Secretary of Defense Donald Rumsfeld on the questions concerning protection against extreme events, which impose potentially severe financial losses. He reveals that the more extreme the event is, the more uncertain the estimation of its frequency and severity because extreme events are rare. He also examines that there is a need to consider the possibility that the frequency of particular rare event has changed over time.
ACCESSION #
58512568

 

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