Risk Revealed - Cautionary Tales, Understanding and Communication (Embrechts Paul (Swiss Federal University (ETH) Zurich))(Paperback / softback)

Explore the concept of risk through numerous examples and their statistical modeling, traveling from a historical perspective all the way to an up-to-date technical analysis. Written with a wide readership in mind, this book begins with accounts of a selection of major historical disasters, such as the North Sea flood of 1953 and the L'Aquila earthquake. These tales serve to set the scene and to motivate the second part of the book, which describes the mathematical tools required to analyze these events, and how to use them.

The focus is on the basic understanding of the mathematical modeli
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