Weather Derivatives: Modeling and Pricing Weather-Related Risk

by Achilleas Zapranis, Antonios Alexandridis, Achilleas D. Zapranis, et al.

​Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk. More precisely, almost...

• Format: Hardcover
• Language: English
• ISBN: 1461460700
• ISBN13: 9781461460701
• Release Date: November 2012
• Publisher: Springer
• Length: 300 Pages
• Weight: 1.30 lbs.
• Dimensions: 0.9" x 6.2" x 9.2"