Modelling Extremal Events for Insurance and Finance
Company: Springer-Verlag
Year Of Publication: 2000
Month Of Publication: March
Pages: 645
Download Count: 1
View Count: 17850
Comment Num: 0
Language: EN
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Who Can Read: Free
Date: 8-4-2002
Publisher: Administrator
Summary
Both in insurance and 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. -- Amazon.com
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