Is there any macroeconomist or econometrician here who paid any attention to this so-called "disaster research"? Disaster are those infrequent events that bring an economy down every now and then. They are the "Black Swans" Nassem Taleb has been talking about. They use Bernoulli or compound Poisson processes to model such things, as well as Extreme Value Theory.
I would be glad to hear your take, if you paid any attention to this new cult. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
