“Whilst some people are weather wise, most are otherwise.” Benjamin Franklin
Is Mark Twain correct? From our perspective in the weather derivatives business, we have to say: “Not anymore”. In fact, the evolution of weather derivatives makes Benjamin Franklin’s observation about weather wisdom truer than ever, though in ways that he didn’t predict.
Achieving weather predictability is nearly impossible because of i
The week on Risk.net, March 10-16 2018Receive this by email