Jennings, Victor E.; Lloyd-Smith, Bill; Ironmonger, Duncan - Department of Economics, Faculty of Business and Economics - 2014
This paper outlines the beginnings of a general theory of critical events. Four types are defined. Two are micro … critical events, supported by well-known results from the theory of stochastic processes. Many examples are provided to … illustrate the four suggested types of critical events. Finally, some strategies for coping with and/or anticipating critical …