Webinar 12/21/2017

Children

Abnormal markets - stock exchange not normally distributed
Brownian motion and stock prices - normal distributions
Does climate fit into normal distribution? Evidence that it does not
How fast can temperatures change? Can be frighteningly fast
Mystery of bond market - why do people looking at 20 yr investment buy them
Power law = better fit for stock extremes
Precautionary principle: making decisions without probabilities sensible, but don't take to extremes
Responding to fire risks: unlikely but we buy fire insurance
Size of Future Crises Hard to Predict
What causes extreme events in nature and in finance