In insurance and finance applications, questions involving extremal events play an important role. This book sets out to bridge the gap between existing theory and practical applications both from a probabilistic as well as statistical point of view.aquot;A readera#39;s first impression on leafing through this book is of the large number of graphs and diagrams, used to illustrate shapes of distributions...and to show real data examples in various ways.
|Title||:||Modelling Extremal Events|
|Author||:||Paul Embrechts, Claudia Klüppelberg, Thomas Mikosch|
|Publisher||:||Springer Science & Business Media - 1997-01-01|