Extreme Value Theory for Applications
Extreme value theory has gone through a rapid development and we can now claim that it has become a mature and significant branch of probability theory. We can also proudly look at the ever increasing number of scientific publications dealing with the applications of extreme value theory. However, as the number of scientific fields, and within each field the number of publications that apply the theory increases, we should also be disturbed by the divergence of the theory and practice. Both theoreticians and applied scientists should listen to each other, seek guidance on what to do and cooperate more and more. This is why it is so delightful to have this opportunity to spend a week together and discuss our subject matter: The theory of extreme values and its applications.
KeywordsClassical Model Empirical Distribution Function Life Distribution Applied Scientist Common Distribution Function
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