{ "item_title" : "Lévy Processes and Lévy Copulas", "item_author" : [" Martin Hunting "], "item_description" : "This thesis discusses L vy processes and L vy copulas. In connection with L vy processes we treat some of the theory behind infinitely divisible distributions, acknowledging that the two classes are equivalent.Within the class of L vy processes we will mostly look at stable processes and compound Poisson processes. The theory of L vy processes dates back to the late 1920's, after de Finetti first introduced the class of infinitely divisible distributions. Since then L vy processes have become popular tools for modelling in finance, insurance and physics. L vy copulas were introduced by Peter Tankov in 2003 in order to model dependency between different components of a multivariate L vy process. In the last part of the book we present an application of L vy copulas in non-life insurance and ruin theory of a L vy copula. Through this example we will discuss aspects regarding estimation of the parameters and goodness of fit.", "item_img_path" : "https://covers1.booksamillion.com/covers/bam/3/63/919/953/3639199537_b.jpg", "price_data" : { "retail_price" : "63.72", "online_price" : "63.72", "our_price" : "63.72", "club_price" : "63.72", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

Overview

Customers Also Bought

Details