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Modelling Extremal Events: For Insurance and Finance

Modelling Extremal Events: For Insurance and Finance

Paperback

Series: Stochastic Modelling and Applied Probability, Book 33

Investing & FinanceManagementProbability & Statistics

ISBN10: 3642082424
ISBN13: 9783642082429
Publisher: Springer
Published: Feb 10 2011
Pages: 648
Weight: 2.03
Height: 1.34 Width: 6.14 Depth: 9.21
Language: English
Both in insurance and in finance applications, questions involving extremal events (such as large insurance claims, large fluctuations in financial data, stock market shocks, risk management, ...) play an increasingly important role. This book sets out to bridge the gap between the existing theory and practical applications both from a probabilistic as well as from a statistical point of view. Whatever new theory is presented is always motivated by relevant real-life examples. The numerous illustrations and examples, and the extensive bibliography make this book an ideal reference text for students, teachers and users in the industry of extremal event methodology.

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