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Chapter IX: Extreme Value Theory

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Risk and Insurance

Part of the book series: Probability Theory and Stochastic Modelling ((PTSM,volume 96))

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Abstract

Predicting the typical order of minima or maxima is important in a number of applications. In agriculture, we may want to say something about the maximal content of a pesticide in a series of samples to check if the series passes the standards.

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References

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Asmussen, S., Steffensen, M. (2020). Chapter IX: Extreme Value Theory. In: Risk and Insurance. Probability Theory and Stochastic Modelling, vol 96. Springer, Cham. https://doi.org/10.1007/978-3-030-35176-2_9

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