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[1505.04722] On the tail risk of violent conflict and its underestimation

See on Scoop.itBounded Rationality and Beyond

We examine all possible statistical pictures of violent conflicts over common era history with a focus on dealing with incompleteness and unreliability of data. We apply methods from extreme value theory on log-transformed data to remove compact support, then, owing to the boundedness of maximum casualties, retransform the data and derive expected means. We find the estimated mean likely to be at least three times larger than the sample mean, meaning severe underestimation of the severity of conflicts from naive observation. We check for robustness by sampling between high and low estimates and jackknifing the data. We study inter-arrival times between tail events and find (first-order) memorylessless of events. The statistical pictures obtained are at variance with the claims about “long peace”.

 
See on arxiv.org



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maggio: 2015
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