Second Update: Gustav Political Risk Assessment
Monday, September 1st, 2008(Note this article references my previous post entitled “Gustav and New Orleans: A Political Risk Assessment for the Republican Decision Maker” dated Saturday, 08-30-08, and “UPDATE: Gustav and New Orleans: A Political Risk Assessment for the Republican Decision Maker” dated Sunday, 08-31-08).
Events are rapidly unfolding. According to the National Weather Service, National Hurricane Center Advisory Number 31:
- The center of Gustav is not poised to strike New Orleans when the storm makes landfall.
- New Orleans will experience at least tropical storm force winds, and perhaps hurricane force winds depending on whether the storm veers slightly east (note this information was derived from a procedure, whether visually or computationally, that the NHC labels as “experimental”).
- And, New Orleans, with a probability [90%, 100%] will experience a storm surge.
- Gustav, however will, with near certain likeliness, be a category 3 storm or less (>96% chances), with category 2 being the most likely storm intensity. Since the storm will likely not hit New Orleans dead on and at landfall the storm will be weaker than Katrina (which was a category 3 storm when it hit New Orleans dead on), the effects of Gustav will most likely not be as bad Katrina.
Assessment Revisited
Because there is no question at this point that New Orleans is set to experience an appreciable storm surge due to the forces of Gustav, I revised the possibility tree to exclude scenarios E7 (i.e., Pr(A2) = 0; Pr(A1) = 1) and E1 through E3 (i.e., Pr(B1) = 0; Pr(B2) = 1) as follows:
All other probabilities remain unchanged (even if they are irrelevant given that their conditionals are no longer deemed plausible). Thus, I revised my probability estimates for the remaining scenarios as follows:
Recall from my previous post that the political outcomes for scenarios E4 through E6 (which I leave unchanged) is as follows:
- E4: “-”
- E5: “-”
- E6: “++”
Now, with both consequence and likeliness in hand, the political risk profile charactering the uncertainty associated with near-term political outcomes can be illustrated as follows:
Summary of Results
Based on my revised risk profile derived from all assumptions implicit in the scope of this analysis, the most likely scenario is that the Republicans will benefit from Gustav, at least in the near term. In fact, the analysis assigns odds of 19:1 in favor of the Republicans. Perhaps this is the reason that Time Magazine is posing the question “McCain to Seize the Stormy Moment?“ But, the CCAN blog notes that Gustav is another example of extreme weather afflicting an nation in denial. Perhaps the Democrats can spin this whole situation their way by emphasizing Republican denial of global warming, citing Gustav as “evidence” in support of the global warming is real hypothesis. My particular analysis, however, does not look into this issue.
Now, given that my conclusions rely on fewer assumptions than with my previous analysis, I assign MODERATE CONFIDENCE to this analysis. This is the highest level of confidence I can assign given the time I have available for analysis and my level of expertise in the subject. I must remind readers here that the scope of this analysis is focused on the NOHPS, and does not consider the likeliness and political outcomes for some other non-New Orleans disaster (that could have been prevented by something designed and installed to prevent it).
I think the next post on this subject will come when Gustav is done. Let’s see what happens…











