Academic Commons

Articles

Was Hurricane Sandy the ‘Fat Tail’ of Climate Change?

Wagner, Gernot; Weitzman, Martin L.

Call them “black swans,” “unknown unknowns,” “fat tails,” or “10-foot women.” Whatever you call them, they’re bizarre events. They shouldn’t happen. Usually they don’t happen, but every once in a while they do happen, and then their impact makes daily events mere noise.

This week, one did happen. Sandy and its aftermath have all the characteristics that make fat tails such unique and frightening events.

Published in the Wall Street Journal Ideas Market on November 1, 2012.

Files

Also Published In

Title
Wall Street Journal

More About This Work

Academic Units
School of International and Public Affairs
Published Here
October 30, 2015
Academic Commons provides global access to research and scholarship produced at Columbia University, Barnard College, Teachers College, Union Theological Seminary and Jewish Theological Seminary. Academic Commons is managed by the Columbia University Libraries.