Two cutting-edge guides for the theories, applications, andstatistical methodologies essential to operational risk and heavytailed risk modeling
Focusing on the quantitative aspects of heavy tailed lossprocesses in operational risk and relevant insurance analytics,Advances in Heavy Tailed Risk Modeling: A Handbook ofOperational Risk presents comprehensive coverage of thelatest research on the theories and applications in riskmeasurement and modeling techniques. Featuring a unique balance ofmathematical and statistical perspectives, the handbook begins byintroducing the motivation for heavy tailed risk processes in highconsequence low frequency loss modeling.
With a companion, Fundamental Aspects of Operational Riskand Insurance Analytics: A Handbook of Operational Risk,the book provides a complete framework for all aspects ofoperational risk management. Fundamental Aspects of OperationalRisk and Insurance Analytics covers the theories, applications,and models inherent in any discussion of the fundamentals ofoperational risk, with a primary focus on Basel II/III regulation,modeling dependence, estimation of risk models, and modeling thedata elements.
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