Extremes do have value.
Adrian Leonard delves into extreme value theory modelling, which might be just the thing to predict the most unlikely events when pricing high-level excess of loss contracts.
Natural and man-made disasters may appear fortuitous but "they are actually happening according to well-defined rules of science known as extreme value theory (EVT)", claimed the organiser of aOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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