[ExI] Global catastrophic risk report

Anders Sandberg anders at aleph.se
Sun May 1 21:48:02 UTC 2016

On 2016-05-01 22:16, Adrian Tymes wrote:
> On Sun, May 1, 2016 at 10:15 AM, Anders Sandberg <anders at aleph.se 
> <mailto:anders at aleph.se>> wrote:
>     cat bonds
> Just to be sure: you mean financial bond instruments dealing with 
> catastrophes, and not feline companionship, right?

Yup. Although newbies in insurance tend to snicker and have amusing 
pictures on their slides when dealing with them (not to mention the 
fashionable cat models). The joke gets old surprisingly fast; there is 
probably some subtle reason for a high discount rate.

Cat bonds are lovely when financial markets and disasters are 
uncorrelated. If they get correlated, such as through a lot of cat 
bonds, they lose their usefulness.

Anders Sandberg
Future of Humanity Institute
Oxford Martin School
Oxford University

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20160501/375598d5/attachment.html>

More information about the extropy-chat mailing list