Earthquake Image

Improving the art of earthquake prediction

In Southern California, Japan, Indonesia or other areas around the world prone to earthquakes, people at risk face vast uncertainty about when, where, and how strong the next one will be. Read more

FCacioli Blog

Quantification of systemic risk from overlapping portfolios in the financial system

Systemic risk in the financial system is risk tied not to one specific firm, but to the interactions between firms – for example, through possible avalanches of spreading financial distress. One important form of systemic risk arises from indirect links between financial institutions, created when financial institutions invest in the same assets. Read more