7 - Extremal Processes
from Part II - Emergence
Published online by Cambridge University Press: 17 May 2022
Summary
An introduction to the emergence of heavy-tailed distributions in the context of extremal processes.Max-stable distributions are introduced, and the extremal central limit theory is presented.Further, an example of the emergence of heavy tails in the extremes of random walks is presented.
- Type
- Chapter
- Information
- The Fundamentals of Heavy TailsProperties, Emergence, and Estimation, pp. 148 - 174Publisher: Cambridge University PressPrint publication year: 2022