Extreme value theory can save your neck

Détails

ID Serval
serval:BIB_5DE98C7B797B
Type
Article: article d'un périodique ou d'un magazine.
Sous-type
Vulgarisation: article de la presse quotidienne ou article de vulgarisation scientifique.
Collection
Publications
Titre
Extreme value theory can save your neck
Périodique
Bulletin of Swiss Statistical Society
Auteur⸱e⸱s
Chavez-Demoulin V., Roehrl A.
Statut éditorial
Publié
Date de publication
03/2004
Numéro
47
Pages
3-5
Langue
anglais
Résumé
How tall should one design an embankment so that the sea reaches this level only once in 100 years? How large might a possible stock market crash be tomorrow? Many real life questions require estimation, but since no data or only few has been observed – as by definition extreme events are rare – essential estimations are more often based on feeling than on fact. Extreme Value Theory (EVT) is a branch of statistics that deals with such rare situations and that gives a scientific alternative to pure guesswork. In this white paper we show how Extreme Value Theory can literally save your neck.
Création de la notice
23/08/2011 8:59
Dernière modification de la notice
20/08/2019 14:15
Données d'usage