Global Warming, Extreme Weather Events, and Forecasting Tropical Cyclones: A Market-based Forward-looking Approach

• Main Authors: CHANG, Carolyn W., CHANG, Jack S. K., LIM, Kian Guan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Global warming; extreme weather events; market-based hurricane forecasting; calibration; doubly-binomial tree with stochastic arrival intensity; Business Analytics; Environmental Sciences; Management Sciences and Quantitative Methods
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3240; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4239/viewcontent/global_warming_extreme_weather_events_av.pdf
• Institution: Singapore Management University

Global warming has more than doubled the likelihood of extreme weather events, e.g. the 2003 European heat wave, the growing intensity of rain and snow in the Northern Hemisphere, and the increasing risk of flooding in the United Kingdom. It has also induced an increasing number of deadly tropical c...