Sentences with phrase «probability high impact event»

Yes, it could happen, she says, but it's a low probability high impact event.

Frequent low impacts events and a long tail of low probability high impact events.

Not exact matches

First, the tail risks (low - probability, high - impact events) in the global economy — a eurozone breakup, the US going over its fiscal cliff, a hard economic landing for China, a war between Israel and Iran over nuclear proliferation — are lower now than they were a year ago.

Halpern says for radiation disasters, the primary concern is a small nuclear bomb, an event he says that carries a low probability of occurring, but such high impact if it did.

«When we say five percent - probability high - impact event, people may dismiss it as small but it is equivalent to a one - in - 20 chance the plane you are about to board will crash,» said Ramanathan.

With these scenarios in mind, the researchers identified what measures can be taken to slow the rate of global warming to avoid the worst consequences, particularly the low - probability high - impact events.

«Understanding whether the probability of those high - impact events has changed can help us to plan for future extreme events, and to value the costs and benefits of avoiding future global warming.»

Looking at the lower probability but higher impact events, there is a five per cent chance that local sea - level rise will exceed 112 centimeters at Oslo and 161 centimeters in Copenhagen by 2100.

The markets» view of the pending British referendum on EU membership displays the hallmarks of a low probability, high impact event.

Dread risk has been shown to be associated with events which, although low probability, are high impact.

The analysis seeks to capture the economic risks of low - probability, high - impact climate events as well as the changes most likely to occur in the future.

Clearly, even a low probability event but of very high impact was a serious risk requiring amelioration strategies to be devised and contingency plans to be generated.

High sensitivity captures the high impact side of the distribution — but discounts the higher probability low impact eveHigh sensitivity captures the high impact side of the distribution — but discounts the higher probability low impact evehigh impact side of the distribution — but discounts the higher probability low impact events.

There is a low probability of high impact events — something that — as a climate catastrophist (in the sense of Rene Thom) with a substantial background in risk assessment — I would define as extreme risk.

There is a low probability of high impact events — something that — as a climate catastrophist in the sense of Rene Thom — I would define as extreme risk.

Emanuel's main point was that just focusing on the most likely outcome (i.e. the centre of the pdf) ignores information on low probability / high impact events that may be highly relevant to society.

Understanding of low - probability / high - impact events and the cumulative impacts of sequences of smaller events, which is required for risk - based approaches to decision - making, is generally limited.

«This is one of those low probability, but high impact events our industry dreads,» he told TechNewsWorld.