{"product_id":"9783540272649","title":"Extreme Financial Risks: From Dependence to Risk Management","description":"\u003ch1\u003eExtreme Financial Risks: From Dependence to Risk Management\u003c\/h1\u003e \u003ch2\u003eMalevergne, Yannick; Sornette, Didier\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003ePortfolio analysis and optimization, together with the associated risk assessment and management, require knowledge of the likely distributions of returns at different time scales and insights into the nature and properties of dependences between the different assets.\u003c\/p\u003e\n\u003cp\u003eThis book offers an original and thorough treatment of these two domains, focusing mainly on the concepts and tools that remain valid for large and extreme price moves. Strong emphasis is placed on the theory of copulas and their empirical testing and calibration, because they offer intrinsic and complete measures of dependences.\u003c\/p\u003e\n\u003cp\u003eExtreme Financial Risks will be useful to: \u003c\/p\u003e\n\u003cp\u003estudents looking for a general and in-depth introduction to the field; \u003c\/p\u003e\n\u003cp\u003efinancial engineers, economists, econometricians, actuarial professionals; \u003c\/p\u003e\n\u003cp\u003eresearchers and mathematicians looking for a synoptic view comparing the pros and cons of different modelling strategies; and\u003c\/p\u003e\n\u003cp\u003equantitative practitioners for the insights offered on the subtleties and the many dimensional components of both risk and dependence. \u003c\/p\u003e\n\u003cp\u003eIn toto, the content of this book will also be useful to a broader scientific community interested in quantifying the complexity of many natural and artificial processes in which a growing emphasis is on the role and importance of extreme phenomena.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2005-11-02\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783540272649\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/b138841\u003c\/p\u003e \u003cp\u003eDimensions: 240cm x160cm\u003c\/p\u003e \u003cp\u003ePages: 312\u003c\/p\u003e ","brand":"Springer Berlin Heidelberg","offers":[{"title":"Default Title","offer_id":46541650919564,"sku":"9783540272649","price":89.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783540272649.jpg?v=1775744073","url":"https:\/\/lateknightbooks.com\/products\/9783540272649","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}