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"Quantitative Risk Management (QRM) has become a field of research of considerable importance to numerous areas of application, including insurance, banking, energy, medicine, reliability. Mainly motivated by examples from insurance and finance, the authors develop a theory for handling multivariate extremes. The approach borrows ideas from portfolio theory and aims at an intuitive approach in the spirit of the Peaks over Thresholds method. The point of view is geometric. It leads to a probabilistic description of what in QRM language may be referred to as a high risk scenario: the conditional behaviour of risk factors given that a large move on a linear combination [portfolio, say] has been observed. The theoretical models which describe such conditional extremal behaviour are characterized and their relation to the limit theory for coordinatewise maxima is explained." "The book is based on a graduate course on point processes and extremes. It could form the basis for an advanced course on multivariate extreme value theory or a course on mathematical issues underlying risk. Students in statistics and finance with a mathematical, quantitative background are the prime audience. Actuaries and risk managers involved in data based risk analysis will find the models discussed in the book stimulating. The text contains many indications for further research."--BOOK JACKET.
Climate extremes often imply significant impacts on human and natural systems, and these extreme events are anticipated to be among the potentially most harmful consequences of a changing climate. However, while extreme event impacts are increasingly recognized, methodologies to address such impacts and the degree of our understanding and prediction capabilities vary widely among different sectors and disciplines. Moreover, traditional climate extreme indices and large-scale multi-model intercomparisons that are used for future projections of extreme events and associated impacts often fall short in capturing the full complexity of impact systems. Climate Extremes and Their Implications for Impact and Risk Assessment describes challenges, opportunities and methodologies for the analysis of the impacts of climate extremes across various sectors to support their impact and risk assessment. It thereby also facilitates cross-sectoral and cross-disciplinary discussions and exchange among climate and impact scientists. The sectors covered include agriculture, terrestrial ecosystems, human health, transport, conflict, and more broadly covering the human-environment nexus. The book concludes with an outlook on the need for more transdisciplinary work and international collaboration between scientists and practitioners to address emergent risks and extreme events towards risk reduction and strengthened societal resilience.
Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. This Special Report explores the social as well as physical dimensions of weather- and climate-related disasters, considering opportunities for managing risks at local to international scales. SREX was approved and accepted by the Intergovernmental Panel on Climate Change (IPCC) on 18 November 2011 in Kampala, Uganda.
Published by the American Geophysical Union as part of the Geophysical Monograph Series, Volume 196. Extreme Events and Natural Hazards: The Complexity Perspective examines recent developments in complexity science that provide a new approach to understanding extreme events. This understanding is critical to the development of strategies for the prediction of natural hazards and mitigation of their adverse consequences. The volume is a comprehensive collection of current developments in the understanding of extreme events. The following critical areas are highlighted: understanding extreme events, natural hazard prediction and development of mitigation strategies, recent developments in complexity science, global change and how it relates to extreme events, and policy sciences and perspective. With its overarching theme, Extreme Events and Natural Hazards will be of interest and relevance to scientists interested in nonlinear geophysics, natural hazards, atmospheric science, hydrology, oceanography, tectonics, and space weather.
As fast-paced as a freefall from a roaring airplane, as thrilling as a towering jump off a ski slope, Being Extreme is a fascinating examination of the adrenaline rush of extreme sports. Here is a world where living life on the edge is the only option, where you are only as good as your last jump . . . and where one false move can take you out of the game permanently. From mountain climbing and freestyle motocross to skydiving and snowboarding and beyond, in the past decade, the world of extreme sports has exploded onto the scene, with daredevils attempting acts of athleticism that leave spectators awed . . . and fearful. Being Extreme explores the motivations and societal impulses behind these high-risk lifestyles through interviews with professional athletes and recreational enthusiasts, as well as with psychiatrists who seek to understand the motivation behind these “Big T” personalities. Authors Gutman and Frederick also explore what heart-stopping sports are around the next curve, because in a world where the “rush” is everything, everyone is always upping their game.
The Intergovernmental Panel on Climate Change (IPCC) is the leading international body for assessing the science related to climate change. It provides policymakers with regular assessments of the scientific basis of human-induced climate change, its impacts and future risks, and options for adaptation and mitigation. This IPCC Special Report on the Ocean and Cryosphere in a Changing Climate is the most comprehensive and up-to-date assessment of the observed and projected changes to the ocean and cryosphere and their associated impacts and risks, with a focus on resilience, risk management response options, and adaptation measures, considering both their potential and limitations. It brings together knowledge on physical and biogeochemical changes, the interplay with ecosystem changes, and the implications for human communities. It serves policymakers, decision makers, stakeholders, and all interested parties with unbiased, up-to-date, policy-relevant information. This title is also available as Open Access on Cambridge Core.
In 2014, the OECD took stock of OECD countries' achievements in building resilience to major natural and man-made disasters. Based on its findings, a cross-country comparative study was undertaken in Austria, France and Switzerland; this report presents the findings from individual and comparative
This book discusses the science, causes, impacts and risk reduction strategies for climate change and disasters. It focuses on the use of traditional knowledge, new innovation and education to build a culture of safety and resilience at all levels in order to promote sustainable development goals in general and disaster risk reduction in particular. The global climate has changed substantially over the last century. There is strong evidence of global climate change in the form of increase in air and sea surface temperature, recession of glaciers, changes and shifting of climate regimes, increasing number of extreme events and sea levels changes. The increasing frequency of climate change induced disasters in particular is posing a threat to resilience, lives and livelihoods at global, regional and local levels. Major ecosystems of the world have experienced several climate induced disaster events in recent past. This book provides new insights into the occurrence and impacts of climatic extremes and strategies for disaster risk reduction. It includes studies on rainfall and temperature trends, floods and drought disasters, weather and climatic related disasters in mountains, changes in plant activities, risk assessment and responses in different ecosystems of the world. The book is particularly useful for environmental and disaster managers, researchers and graduate students, as well as policy makers.