[ExI] Global catastrophic risk report
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.
Future of Humanity Institute
Oxford Martin School
-------------- next part --------------
An HTML attachment was scrubbed...
More information about the extropy-chat