Extreme Values in Finance Telecommunications and the Environment

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.