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Statistical Review of Nuclear Power AccidentsMarius HofertETH Zurich, RiskLab, Department of Mathematics Mario V. WuthrichETH Zurich, RiskLab, Department of Mathematics; Cass Business School, City University London September 8, 2011 Abstract: Statistical analysis provides a risk assessment of nuclear safety based on historical data. We use classical probabilistic models from risk theory to analyze data on nuclear power accidents from 1952 to 2011. Findings are that the severities of nuclear power accidents should be modeled with an in finite mean model and, thus, cannot be insured by an unlimited cover.
Number of Pages in PDF File: 13 Keywords: nuclear safety, nuclear power accidents, risk managment, Fukushima, extremes, extreme value theory, Pareto distribution, Hill plot, peaks-over-threshold JEL Classification: C13, C10, Q40, G22 working papers seriesDate posted: September 6, 2011 ; Last revised: July 4, 2012Suggested CitationContact Information
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