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Modelling Extremal Events: For Insurance and Finance

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Modelling Extremal Events: for Insurance and Finance - Embrechts, Paul, and Klüppelberg, Claudia, and Mikosch, Thomas
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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 ...

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Modelling Extremal Events: for Insurance and Finance 2011, Springer-Verlag Berlin and Heidelberg GmbH & Co. K, Berlin

ISBN-13: 9783642082429

Paperback

Modelling Extremal Events: For Insurance and Finance 1997, Springer, Berlin, Heidelberg

ISBN-13: 9783540609315

Annotated

Hardcover