Copulas are functions that enable the construction of multivariate probability distributions by binding together univariate marginal distributions. Central to probability theory, they allow ...

The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and applications of statistics and probability. The Institute was formed at a ...

This is a preview. Log in through your library . Abstract Rainfall and resulting soil moisture are probably the most important of the climatic factors affecting crop production. This is true even in ...

The probability distribution of the number of defaults plays an important role in pricing problems of multiple-name credit derivatives. When the group size gets large, it becomes increasingly ...

Many people gamble in the hope of winning money without considering the risks involved. By using probability theory it is possible to estimate the chance of certain events. For instance, one can ...