Nuclear Power Safety Concerns

This lecture discusses the safety concerns raised by the Fukushima nuclear disaster in 2011, leading to a re-assessment of Swiss nuclear plants' vulnerability to various extreme conditions. It covers the estimation of probabilities for rare events like high winds, based on decades of data. The lecture also explores the impact of extreme weather events on nuclear safety, as seen in the aftermath of the Fukushima incident and other disasters. Additionally, it delves into the application of extreme value theory in assessing risks in the financial sector, particularly in estimating the Value at Risk. The course provides a historical background on the development of extreme value theory and its applications in various fields, emphasizing the importance of studying extremes for understanding rare events and making accurate statistical inferences.