Heavy-Tail Phenomena: Probabilistic and Statistical Modeling

This comprehensive text gives an interesting and useful blend of the mathematical, probabilistic and statistical tools used in heavy-tail analysis. Heavy tails are characteristic of many phenomena where the probability of a single huge value impacts heavily. Record-breaking insurance losses, financial-log returns, files sizes stored on a server, transmission rates of files are all examples of heavy-tailed phenomena.

Key features:

* Unique text devoted to heavy-tails

* Emphas…