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401-3608-01L 4 Credits

Extreme Value Theory

VVZ CR n/a

Last Updated: 2026-02-05 15:09:58

Abstract

This course yields a mathematical introduction into the theory of extremes. Besides a derivationof the Fisher-Tippett theorem for sample maxima, it is also shown how the theory of point pro-cesses yields a methodological basis for the Peaks Over Threshold method. Some examplesof statistical data analysis for the modelling of extremes will also be discussed.

Objective

This course yields a mathematical introduction into the theory of extremes. Besides a derivation of the Fisher-Tippett theorem for sample maxima, it is also shown how the theory of point pro- cesses yields a methodological basis for the Peaks Over Threshold method. Some examples of statistical data analysis for the modelling of extremes will also be discussed.

Content

- The Fisher-Tippett Theorem - The Method of Block Maxima - The Maximal Domain of Attraction - The Frechet, Gumbel and Weibull distributions - Regular Variation -The POT method - The Point Process Method -The Pickands-Balkema-de Haan Theorem and its applications

Resources

Literature

P.Embrechts, C.Klueppelberg and T.Mikosch (1997) The Modelling of Extremal Events in Insurance and Finance. Springer. S.I. Resnick (1987) Extreme Values, Regular Variation and Point Processes. Springer.

General Information

Language
English

Examination

Type
session examination
Mode
oral 20 minutes

Course Components

Type Title Time & Place Hours
lecture Extreme Value Theory
  • Tue 15:15-17:00 (HG D 7.1)
2 h weekly

Offered In