This book provides a compact and systematic overview of closure properties of heavy-tailed and related distributions, including closure under tail equivalence,

Heavy tails –extreme events or values more common than expected –emerge everywhere: the economy, natural events, and social and information networks are jus

Heavy-tailed probability distributions are an important component in the modeling of many stochastic systems. They are frequently used to accurately model input

The study of heavy-tailed distributions allows researchers to represent phenomena that occasionally exhibit very large deviations from the mean. The dynamics un

ADVANCES IN HEAVY TAILED RISK MODELING A cutting-edge guide for the theories, applications, and statistical methodologies essential to heavy tailed risk modelin