{"product_id":"advances-in-heavy-tailed-risk-modeling-9781118909539","title":"Advances in Heavy Tailed Risk Modeling","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eADVANCES IN HEAVY TAILED RISK MODELING \u003cp\u003eA cutting-edge guide for the theories, applications, and statistical methodologies essential to heavy tailed risk modeling \u003c\/p\u003e\u003cp\u003eFocusing on the quantitative aspects of heavy tailed loss processes in operational risk and relevant insurance analytics, \u003ci\u003eAdvances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk\u003c\/i\u003e presents comprehensive coverage of the latest research on the theories and applications in risk measurement and modeling techniques. Featuring a unique balance of mathematical and statistical perspectives, the handbook begins by introducing the motivation for heavy tailed risk processes. \u003c\/p\u003e\u003cp\u003eA companion with \u003ci\u003eFundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk\u003c\/i\u003e, the handbook provides a complete framework for all aspects of operational risk management and includes: \u003c\/p\u003e\u003cul\u003e\u003cli\u003eClear coverage on advanced topics such as splice loss models, extreme value theory, heavy tailed closed for\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e1 Motivation for Heavy-Tailed Models 1\u003c\/p\u003e \u003cp\u003e2 Fundamentals of Extreme Value Theory for OpRisk 17\u003c\/p\u003e \u003cp\u003e3 Heavy-Tailed Model Class Characterizations for LDA 105\u003c\/p\u003e \u003cp\u003e4 Flexible Heavy-Tailed Severity Models: α-Stable Family 139\u003c\/p\u003e \u003cp\u003e5 Flexible Heavy-Tailed Severity Models: Tempered Stable and Quantile Transforms 227\u003c\/p\u003e \u003cp\u003e6 Families of Closed-Form Single Risk LDA Models 279\u003c\/p\u003e \u003cp\u003e7 Single Risk Closed-Form Approximations of Asymptotic Tail Behaviour 353\u003c\/p\u003e \u003cp\u003e8 Single Loss Closed-Form Approximations of Risk Measures 433\u003c\/p\u003e \u003cp\u003e9 Recursions for Distributions of LDA Models 517\u003c\/p\u003e \u003cp\u003eA Miscellaneous Definitions and List of Distributions 587\u003c\/p\u003e\n\u003c\/li\u003e\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406944641367,"sku":"9781118909539","price":125.96,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118909539.jpg?v=1730497643","url":"https:\/\/bookcurl.com\/products\/advances-in-heavy-tailed-risk-modeling-9781118909539","provider":"Book Curl","version":"1.0","type":"link"}