Terrorist Risk Assessment: The View from Londonistan

Friday, January 20, 2006
12:00 PM - 1:30 PM
(Pacific)
CISAC Conference Room
Speaker: 
  • Gordon Woo

In the days after 9/11, there was a widespread sentiment that suicidal terrorist attacks were irrational acts well beyond the bounds of quantitative risk assessment. Since then, terrorism risk models have been developed which are based on certain key theoretical principles that are validated by observational terrorism experience. These principles will be elaborated, and illustrated with examples from conflicts around the world.

Gordon Woo is a catastrophist, specializing on mathematical aspects of catastrophe risk modelling. He has developed a quantitative framework for modelling terrorism risk applied e. g. on the Olympic Games 2004 and the 2006 World Cup in Germany. Prior to this, his main focus has been on natural and environmental hazards. He has twenty years of practical experience in consulting for commercial, industrial and government organizations on major public risk issues varying from the disposal of radioactive waste, to oil pollution, flight safety, to earthquake, windstorm and flood protection.

Dr. Woo graduated as the top mathematician of his year at Cambridge University. He completed his PhD in theoretical physics as a Kennedy Scholar at M.I.T., after which he was elected a Junior Fellow of the Harvard University Society of Fellows. His work has been featured in the Wall Street Journal and Newsweek. In July 2004, he was named by Risk & Treasury Magazine as one of the 100 most influential people in finance.