Lecture/presentation.
Ted Lewis.
Identifies Self-Organized Criticality (SOC), one of the fundamental principles of risk, specifically relating it to the 2007 California wildfires. Simulates a model of forest fires, as well as explains why some elements of infrastructure are more resilient to catastrophe than others. Demonstrates how high-risk hazards (like wildfires) obey a power law rather than a bell curve, and thus reside in Extremistan. Defines percolation as increased density, and talks about how high-risk hazards require policy change to decrease percolation in order to prevent (or, at least, mitigate) disastrous consequences.