Extreme Values in Finance, Telecommunications, and the Environment

by Barbel Finkenstadt (Editor), Holger Rootzen (Editor)

Overview

Because of its potential to ...predict the unpredictable,... extreme value theory (EVT) and methodology is currently receiving a great deal of attention from statistical and mathematical researchers. This book brings together world-recognized authorities in their respective fields to provide expository chapters on the applications, use, and theory of extreme values in the areas of finance, insurance, the environment, and telecommunications. The comprehensive introductory chapter by Richard Smith ensures a high level of cohesion for this volume.

Product Details

ISBN-13:	9781584884118
Publisher:	Taylor & Francis
Publication date:	07/28/2003
Series:	Chapman & Hall/CRC Monographs on Statistics and Applied Probability , #99
Edition description:	New Edition
Pages:	426
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Barbel Finkenstadt, Holger Rootzen

Table of Contents

Because of its potential to ...predict the unpredictable,... extreme value theory (EVT) and methodology is currently receiving a great deal of attention from statistical and mathematical researchers. This book brings together world-recognized authorities in their respective fields to provide expository chapters on the applications, use, and theory of extreme values in the areas of finance, insurance, the environment, and telecommunications. A comprehensive introductory chapter by Richard Smith ensures a high level of cohesion for this volume. Presenting information from the forefront of knowledge and research, this book brings readers quickly up to speed on the current issues and techniques of EVT.

Editorial Reviews

...The book includes excellent discussions of the applications of extreme-value theory to risk management, insurance, rainfall and data networks, as well as overview of univariate and multivariate extreme-value theory. This book provides an excellent source both for the basic successes and the limitations of the current extreme-value methodology... - ISI Short Book Reviews, August 2004

From the Publisher