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falseprofit | 8 months ago

Felt like the article ended before a thesis statement.

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gwern|8 months ago

> She is the author of “Investable! When Pandemic Risk Meets Speculative Finance – A Cautionary Tale,” from which this article is adapted.

So I think structurally, the conclusion here is that 'cat bonds are an example of how insurers can work with abstract risks, and so any risk (such as global pandemic) could be worked with this way', and the rest of the book then examines how people are trying to actually do so with pandemic risk.

panguma|8 months ago

Read the book, it’s in there.