Placeholder text

Go to cart

The Fundamentals of Heavy Tails

By Jayakrishnan Nair

The Fundamentals of Heavy Tails Business, Finance & Career

The Fundamentals of Heavy Tails

0 - Default Title
Description
Heavy tails -extreme events or values more common than expected -emerge everywhere: the economy, natural events, and social and information networks are just a few examples. Yet after decades of progress, they are still treated as mysterious, surprising, and even controversial, primarily because the necessary mathematical models and statistical methods are not widely known. This book, for the first time, provides a rigorous introduction to heavy-tailed distributions accessible to anyone who knows elementary probability. It tackles and tames the zoo of terminology for models and properties, demystifying topics such as the generalized central limit theorem and regular variation. It tracks the natural emergence of heavy-tailed distributions from a wide variety of general processes, building intuition. And it reveals the controversy surrounding heavy tails to be the result of flawed statistics, then equips readers to identify and estimate with confidence. Over 100 exercises complete this engaging package.
Product details
Edition:
1
Number of Pages:
266
Release Date:
2022-07-31
Publication Date:
2025-10-18
Publisher:
Cambridge University Press
Languages:
Original: English
ISBN10:
1316511731
ISBN13:
9781316511732
GPSR Manufacturer Reference:
[email protected]
Weight:
701 g
Height:
183 cm
Width:
260 cm
Thickness:
19 cm
Buy on Amazon
Currently sold out