The Statistical Nature of Energy Risk Modeling

  • Nigel Da Costa Lewis
Part of the Finance and Capital Markets Series book series (FCMS)


In O. Henry’s The Handbook of Hymen, Mr Pratt is wooing the wealthy Mrs Sampson. Unfortunately for Mr Pratt, he has a rival — a romantic poet. In order to compensate for his romantic disadvantage, the studious Mr Pratt selects quotes from a text on statistical facts in an audacious attempt to dazzle Mrs Sampson into marrying him:

“Let us sit on this log at the roadside,” says I, “and forget the inhumanity and ribaldry of the poets. It is in the glorious columns of ascertained facts and legalized measures that beauty is to be found. In this very log we sit upon, Mrs. Sampson,” says I, “is statistics more wonderful than any poem. The rings show it was sixty years old. At the depth of two thousand feet it would become coal in three thousand years. The deepest coal mine in the world is at Killingworth, near Newcastle. A box four feet long, three feet wide, and two feet eight inched deep will hold one ton of coal. If an artery is cut, compress it above the wound. A man’s leg contains thirty bones. The Tower of London was burned in 1841. “Go on, Mr Pratt,” says Mrs Sampson. “Them ideas is so original and soothing. I think statistics are just lovely as they can be.”


Marginal Utility Credit Risk Energy Market Future Contract Price Risk 
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Further Reading and Resources

  1. Brower, Michael (1994) Cool Energy: Renewable Solutions to Environmental Problems. Massachusetts, MIT Press.Google Scholar
  2. Smil, Vaclav (1994) Energy in World History. Westview Press, Colorado.Google Scholar
  3. Yergin, Daniel (1992) The Prize: The Epic Quest for Oil, Money, and Power. Touchstone, New York.Google Scholar
  4. Rudolph, Richard and Ridley, Scott (1986) Power Struggle: The Hundred-Year War over Electricity. Harper and Rowe, New York.Google Scholar

Copyright information

© Nigel Da Costa Lewis 2005

Authors and Affiliations

  • Nigel Da Costa Lewis

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