Cartoon: Umbrella II

A cartoon useful in applied probability courses to discuss the nature of actuarial work and the importance of accounting for rare events.The cartoon was used in the April, 2018 CAUSE cartoon caption contest and the winning caption was written by Larry Lesser from The University of Texas at El Paso.  An alternative caption that was a co-winner in that month’s contest was "Open your eyes to catch the significant events occurring at the tails," submitted by Debmalya Nandy, a graduate student at Penn State University. The cartoon was drawn by British cartoonist John Landers (www.landers.co.uk) based on an idea by Dennis Pearl from Penn State University.