Statistical Review of Nuclear Power Accidents

13 Pages Posted: 6 Sep 2011 Last revised: 4 Jul 2012

Marius Hofert

ETH Zurich, RiskLab, Department of Mathematics

Mario V. Wuthrich

RiskLab, ETH Zurich

Date Written: 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.

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

Suggested Citation

Hofert, Marius and Wuthrich, Mario V., Statistical Review of Nuclear Power Accidents (September 8, 2011). Available at SSRN: https://ssrn.com/abstract=1923008 or http://dx.doi.org/10.2139/ssrn.1923008

Marius Hofert

ETH Zurich, RiskLab, Department of Mathematics ( email )

Rämistrasse 101
Zurich, 8092
Switzerland

Mario V. Wuthrich (Contact Author)

RiskLab, ETH Zurich ( email )

Department of Mathematics
Ramistrasse 101
Zurich, 8092
Switzerland

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