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Which statistical theory can be used to study catastrophes

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Reference no: EM133304729

1. INSURANCE: Which statistical theory can be used to study catastrophes

a) Fat tail theory

b) Binomial distribution

c) Extreme value theory

2. INSURANCE: A global climate risk pool with contribution from all countries is a sound concept

a) And is already in effect

b) Expected to be adopted by 2040

c) Would be enormously challenging to implement

3. INSURANCE: A serious future climate exposure for insurance companies is

a) Taxes on fossil fuel insurance

b) Litigation faced by fossil fuel companies like tobacco firms

c) Cap-and-trade system failures

4. TRANSITION: What is the difference between complicated and complex processes

a) Complicated processes are difficult to understand, complex processes are linear

b) Complicated processes have linear interactions, complex processes are nonlinear and have multiple levels of interactions

c) Complex processes are more difficult to manage than complicated processes

5. TRANSITION: A transition management framework should be staged in the following order

a) Strategic, Tactical, Operational, and Reflexive

b) Strategic, Tactical, Operational and Reflexive

c) Strategic Reflexive, Tactical, and Operational

Reference no: EM133304729

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