Investigating Power Laws in Hurricane Damages
作者： Calvin Blackwell
DOI: 10.2139/SSRN.2192074
关键词: Damages 、 Log-normal distribution 、 Variance (land use) 、 Power law 、 Natural hazard 、 Pareto distribution 、 Meteorology 、 Engineering
摘要: Recent research indicates that the energy generated by hurricanes follows a power law distribution. We hypothesize economic damages caused also follow Using yearly hurricane damage data from 1900-2005 we show distribution of due to in US may either or lognormal Furthermore, if law, then for best-fit distribution, tail is so ‘fat’ variance damages, conditional on being tail, potentially unbounded.
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