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An Introduction to Heavy-Tailed and Subexponential Distributions

pHeavy-tailed probability distributions are an important component in the modeling of many stochastic systems. They are frequently used to accurately model inputs and outputs of computer and data networks and service facilities such as call centers. They are an essential for describing risk processes in finance and also for insurance premia pricing, and such distributions occur naturally in models of epidemiological spread. The class includes distributions with power law tails such as the Pareto, as well as the lognormal and certain Weibull distributions./ppOne of the highlights of this new edition is that it includes problems at the end of each chapter. Chapter 5 is also updated to include interesting applications to queueing theory, risk, and branching processes. New results are presented in a simple, coherent and systematic way.pp/p/ppp/pppp/pppp/ppGraduate students as well as modelers in the fields of finance, insurance, network science and environmental studies will find this book to be an essential reference./p
Portrait

Sergey Foss is a professor at Heriot-Watt University, Edinburgh, UK. Dmitry Korshunov is a professor at the Sobolev Institute of Mathematics of the Russian Academy of Sciences, Novosibirsk, Russia. Stan Zachary is a professor at Heriot-Watt University, Edinburgh, UK.

Zitat
From the reviews: The book An Introduction to Heavy-Tailed and Subexponential Distributions presents numerous ideas of heaviness for probability distribution tails. It gives precise definitions to common terms such as heavy-tailed and long-tailed, as well as more esoteric terms such as subexponential or h-insensitive. This book is small, self-contained monograph. There are some examples and applications, but the emphasis is on basic properties and classification. (John D. Cook, The Mathematical Association of America, August, 2011) This monograph provides a comprehensive introduction to the theory of long-tailed and sub-exponential distributions. Every chapter ends with historical comments on the topics that it covers, and the book ends with a list of references. Most of the material covered is appearing for the first time in book form, and the book will serve as a valuable reference for researchers interested in tail properties of sums and maxima of independent random variables having long-tailed/sub-exponential distributions. (Sreenivasan Ravi, Mathematical Reviews, Issue 2012 f)
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Beschreibung

Produktdetails


Einband gebundene Ausgabe
Seitenzahl 157
Erscheinungsdatum 21.05.2013
Sprache Englisch
ISBN 978-1-4614-7100-4
Reihe Springer Series in Operations Research and Financial Engineering
Verlag Springer
Maße (L/B/H) 244/159/17 mm
Gewicht 426
Abbildungen 2 schwarz-weiße Abbildungen
Auflage 2nd ed. 2013
Buch (gebundene Ausgabe, Englisch)
Fr. 68.90
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An Introduction to Heavy-Tailed and Subexponential Distributions

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