Climate-Resilience Strategies: Understanding the Stochastic Nature of Sudden Climate Change Impacts
WASHINGTON, D.C. – Lightning, unpredictable and capricious, strikes at its own discretion. A word often used in scientific and economic circles is “stochastic.” It refers to occurrences that are randomly determined, making them difficult to predict precisely. This term applies not only to the physical sciences, such as the behavior of gas molecules in a … Read more