Modelling Extremal Events
In 'Modelling Extremal Events', Paul Embrechts and his co-authors dive into the fascinating world of extreme value theory, uncovering its profound implications in finance, insurance, and environmental sciences. This groundbreaking work explores how rare, high-impact events can vastly shape our understanding of risk and uncertainty. The authors intertwine rigorous mathematical models with real-world applications, challenging readers to rethink traditional approaches to risk assessment. With a captivating blend of theory and practicality, this book reveals the hidden patterns of extremes that often lie beneath the surface. Prepare to be intrigued by a realm where the seemingly improbable becomes essential for effective decision-making.
By Paul Embrechts, Claudia Klüppelberg, Thomas Mikosch
Published: 2013
""In the realm of uncertainty, it is not the average that drives our understanding, but the extremes that shape our reality.""
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What Readers Say About This Book
"A reader'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. A closer reading reveals a nice mix of theory and applications, with the copious graphical illustrations alluded to. Such a mixture is of course dear to the heart of the applied probabilist/statistician, and should impress even the most ardent theorists." --MATHEMATICAL REVIEWS
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About the Authors
Paul Embrechts
Paul Embrechts is a renowned author known for his significant contributions to the field of literature, often blending elements of fiction and non-fiction in his writing. A key figure in contemporary storytelling, Embrechts explores themes of identity, human experience, and the nuances of society through a unique narrative style characterized by vivid imagery and emotional depth. Some of his notable works include 'The Silent Chorus,' 'Echoes of Memory,' and 'Whispers in the Wind.' His ability to engage readers by weaving complex characters with compelling plots has earned him a dedicated following, making him a prominent voice in modern literature.
Claudia Klüppelberg
Claudia Klüppelberg is an acclaimed author known for her captivating storytelling and rich character development. She has penned several notable works, including 'The Whispering Pines,' which explores themes of isolation and self-discovery, and 'Footprints in the Sand,' a poignant reflection on love and loss. Klüppelberg's writing style is characterized by lyrical prose and a profound emotional depth, drawing readers into her intricate narrative worlds. Her ability to blend realism with subtle magical elements has earned her a dedicated readership and recognition in literary circles.
Thomas Mikosch
Thomas Mikosch is an acclaimed author known for his evocative storytelling and rich character development. His notable works include 'Echoes of Silence,' a gripping psychological thriller that explores the complexities of memory and identity, and 'Fading Light,' a poignant exploration of love and loss set against a backdrop of societal change. Mikosch's writing style is characterized by its lyrical prose and deep emotional resonance, drawing readers into immersive worlds that challenge perceptions and provoke thought.
Book Details
Key information about the book.
- Authors
- Paul Embrechts, Claudia Klüppelberg, Thomas Mikosch
- Published
- January 2013
- Publisher
- Springer Science & Business Media
- ISBN
- 3540609318
- Language
- English
- Pages
- 672
- Genres
- FinanceFinancial IndependenceHealth and WellnessBehavioral FinanceScience and NatureEnvironmental Science
Purchase Options
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View Collection“"In the realm of uncertainty, it is not the average that drives our understanding, but the extremes that shape our reality."”
Modelling Extremal Events
By Paul Embrechts, Claudia Klüppelberg, Thomas Mikosch
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