Modelling Extremal Events: for Insurance and Finance (Stochastic Modelling and Applied Probability Book 33)
by Paul Embrechts, Claudia Klüppelberg, Thomas Mikosch
Modelling Extremal Events explores stochastic approaches to extreme outcomes in insurance and finance. Combining mathematical, statistical, and applied perspectives, the book addresses the study of rare and high-impact events for readers interested in probability, risk analysis, and quantitative financial or insurance applications.
About This Book
Modelling Extremal Events examines the analysis and modelling of extreme outcomes within insurance and finance.
The book is part of the Stochastic Modelling and Applied Probability series and focuses on mathematical approaches to rare, high-impact events.
It brings together topics relevant to probability, statistics, risk, insurance, and financial applications.
Written by Paul Embrechts, Claudia Klüppelberg, and Thomas Mikosch, this volume is intended for readers interested in advanced stochastic modelling.
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