Still, extreme events are just as likely to happen in a low-volatility climate as in a high-volatility one, as Taleb points out in a postscript called, "On Robustness and Fragility".
When we emit carbon dioxide into the atmosphere, we increase the damage from greater climate volatility.
Pick up a newspaper or turn on the TV to see signs of climate volatility sparking more weather disruption.
In Kenya, Kilimo Salama, an insurance program for small-hold farmers, uses wireless weather sensors to help farmers protect themselves financially against climate volatility.
But Kendall said: "I think helping farmers manage volatility, extreme weather, climate change and the global distortion of agricultural markets is equally a public good.
With connections being drawn between what appear to be climatic shifts and troubling events in the real world, senior politicians have no shortage of timely reminders as to the profound risks that will accompany increased volatility in the climate system.
The convergence of political unrest from the Middle East to recent protests in Brazil, resource depletion and climate volatility have posed risks to countless firms and their long-term performance, from the farthest reaches of the supply chain to internal operations.
But as the index shows, there were earlier periods of climate volatility that predate the memory of many people alive today, like drought in the 1950s and the extreme drought and heat waves that contributed to the Dust Bowl of the 1930s.
I didn't set out to talk about climate volatility and weather disruption, but by the turn of the 21st century this warming seemed to be flavoring much of the weather I was tracking, turning up the volume of extremes, loading the dice for weather weirding.
However, their data provide information on migration in ten year intervals only, which is why their analysis is oriented towards medium- and long-run effects of climate volatility.
It is not unlikely that such price increases happen again in future as a result of the inherent risk in agricultural production, which may be potentially exacerbated by increasing volatility due to climate changes and other relevant factors associated with the commodity price volatility.
