{"product_id":"extreme-value-methods-with-applications-to-finance","title":"Extreme Value Methods with Applications to Finance","description":"\u003cp\u003eExtreme value theory (EVT) deals with extreme (rare) events, which are sometimes reported as outliers. Certain textbooks encourage readers to remove outliers—in other words, to correct reality if it does not fit the model. Recognizing that any model is only an approximation of reality, statisticians are eager to extract information about unknown distribution making as few assumptions as possible. \u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eExtreme Value Methods with Applications to Finance\u003c\/strong\u003e concentrates on modern topics in EVT, such as processes of exceedances, compound Poisson approximation, Poisson cluster approximation, and nonparametric estimation methods. These topics have not been fully focused on in other books on extremes. In addition, the book covers:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003e \u003c\/p\u003e \u003c\/li\u003e\n\u003cli\u003eExtremes in samples of random size\u003c\/li\u003e\n\u003cli\u003eMethods of estimating extreme quantiles and tail probabilities\u003c\/li\u003e\n\u003cli\u003eSelf-normalized sums of random variables\u003c\/li\u003e\n\u003cli\u003eMeasures of market risk \u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eAlong with examples from finance and insurance to illustrate the methods, \u003cstrong\u003eExtreme Value Methods with Applications to Financ\u003c\/strong\u003ee includes over 200 exercises, making it useful as a reference book, self-study tool, or comprehensive course text. \u003c\/p\u003e\u003cp\u003e\u003cem\u003eA systematic background to a rapidly growing branch of modern Probability and Statistics: extreme value theory for stationary sequences of random variables.\u003c\/em\u003e\u003c\/p\u003e","brand":"Taylor \u0026 Francis Inc","offers":[{"title":"Default Title","offer_id":54239809929560,"sku":"9781439835746","price":210.8,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781439835746_eace9cc2-775e-4c63-9900-78eddfb4b4bd.jpg?v=1769034632","url":"https:\/\/agendabookshop.com\/products\/extreme-value-methods-with-applications-to-finance","provider":"Agenda Bookshop","version":"1.0","type":"link"}