We study the asymptotic properties of overdamped dynamical systems with one or more point attractors, when they are perturbed by weak noise. In the weak-noise limit, fluctuations to the vicinity of any specified non-attractor point will increasingly tend to follow a well-defined optimal path. We compute precise asymptotics for the frequency of such fluctuations, by integrating a matrix Riccati equation along the optimal path. We also consider noise-induced transitions between domains of attraction, in two-dimensional double well systems. The optimal paths in such systems may focus, creating a caustic. We examine `critical' systems in which a caustic is beginning to form, and show that due to criticality, the mean escape time from one well to the other grows in the weak-noise limit in a non-exponential way. The analysis relies on a Maslov-WKB approximation to the solution of the Smoluchowski equation.