Stefan Hochrainer-Stigler – författare

This book is about how extreme and systemic risk can be analyzed in an integrated way. Risk analysis is understood to include measurement, assessment as well as management aspects. Integration is understood as being able to perform risk analysis for extreme and systemic events simultaneously. The presented approach is based on Sklar''s theorem, which states that a multivariate distribution can be separated into two parts – one describing the marginal distributions and the other describing the dependency between the distributions using a so-called copula. It is suggested to reinterpret Sklar''s theorem from a system or network perspective, treating copulas as a network property and individual, including extreme, risk as elements within the network. In that way, extreme and systemic risk can be analyzed independently as well as jointly across several scales. The book is intended for a large audience, and all techniques presented are guided with examples and applications with a special focus on natural disaster events. Furthermore, an extensive literature and discussion of it are given in each chapter for the interested reader.

This book provides insight on how disaster risk management can increase the resilience of society to various natural hazards. The multi-dimensionality of resilience and the various different perspectives in regards to disaster risk reduction are taken explicitly into account by providing studies and approaches on different scales and ranging from natural science based methods to social science frameworks. For all chapters, special emphasis is placed on implementation aspects and specifically in regards to the targets and priorities for action laid out in the Sendai Framework for Disaster Risk Reduction. The chapters provide also a starting point for interested readers on specific issues of resilience and therefore include extensive reference material and important future directions for research.