Modeling Extremal Events Is Not Easy: Why the Extreme Value Theorem Cannot Be As General As the Central Limit Theorem
Studies in Computational Intelligence - Trang 123-133 - 2017
Tóm tắt
In many real-life situations, a random quantity is a joint result of several independent factors, i.e., a sum of many independent random variables. The description of such sums is facilitated by the Central Limit Theorem, according to which, under reasonable...