11. Events (December) Pick an interesting low-frequency event that might happen sometime this year. Each of these is listed in a contract on Intrade.com. They are each trading in the 5 – 15% range, many with very high uncertainty. What rare event will happen in 2011? a. The US conducts an overt military action against North Korea. b. China conducts an overt military action against Taiwan. c. Japan announces it has acquired a nuclear weapon. d. Iran conducts a nuclear weapons test. e. Osama bin Laden is captured or neutralized. f. An internationally recognized Palestinian state is established. g. The United Kingdom announces its intention to join the euro. h. Any country announces its intention to drop the euro. i. The US establishes a cap-and-trade system for emissions. j. BP files for bankruptcy in the US. k. A magnitude 9.0 earthquake occurs. l. Higgs-Boson particle is observed to a confidence of five sigma. After a more thorough analysis of the seismograph data, the US Geological Su...