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and risk prevention as this trend continues. In this paper, we convert natural disaster losses to the year 2016 dollars … outperforms the other two composite distributions in modeling natural disaster losses. Important risk measures for natural …
Persistent link: https://www.econbiz.de/10012422965
I analyze damage from hurricane strikes on the United States since 1955. Using machine learning methods to select the most important drivers for damage, I show that large errors in a hurricane's predicted landfall location result in higher damage. This relationship holds across a wide range of...
Persistent link: https://www.econbiz.de/10012265501
Background: This paper proposes a framework to cope with the lack of data at the time of a disaster by employing predictive models. The framework can be used for disaster human impact assessment based on the socio-economic characteristics of the affected countries. Methods: A panel data of 4252...
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Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...
Persistent link: https://www.econbiz.de/10013426083
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natural catastrophe risk models. Although the predictive information for CAT events is specialized and complex, our evidence … market and provide support for market efficiency when pricing CAT risk …
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forecasts is not considered. Thus, important knowledge used by market participants is ignored in theory. By extending a standard …. -- Weather forecasting ; weather risk ; price forecasting ; financial markets ; temperature futures ; CME …
Persistent link: https://www.econbiz.de/10008663382