E-Book Overview
Provides a collection of survey papers on the Marshall-Olkin distribution Describes financial and economic applications Unique reference for researchers and practitioners in stochastic models in economics This book presents the latest advances in the theory and practice of Marshall-Olkin distributions. These distributions have been increasingly applied in statistical practice in recent years, as they make it possible to describe interesting features of stochastic models like non-exchangeability, tail dependencies and the presence of a singular component. The book presents cutting-edge contributions in this research area, with a particular emphasis on financial and economic applications. It is recommended for researchers working in applied probability and statistics, as well as for practitioners interested in the use of stochastic models in economics. This volume collects selected contributions from the conference “Marshall-Olkin Distributions: Advances in Theory and Applications,” held in Bologna on October 2-3, 2013. Topics Statistical Theory and Methods Applications of Mathematics Econometrics Statistics for Business, Economics, Mathematical Finance, Insurance
E-Book Content
Springer Proceedings in Mathematics & Statistics Umberto Cherubini Fabrizio Durante Sabrina Mulinacci Editors Marshall–Olkin Distributions Advances in Theory and Applications Bologna, Italy, October 2013 Springer Proceedings in Mathematics & Statistics Volume 141 Springer Proceedings in Mathematics & Statistics This book series features volumes composed of selected contributions from workshops and conferences in all areas of current research in mathematics and statistics, including operation research and optimization. In addition to an overall evaluation of the interest, scientific quality, and timeliness of each proposal at the hands of the publisher, individual contributions are all refereed to the high quality standards of leading journals in the field. Thus, this series provides the research community with well-edited, authoritative reports on developments in the most exciting areas of mathematical and statistical research today. More information about this series at http://www.springer.com/series/10533 Umberto Cherubini Fabrizio Durante Sabrina Mulinacci • Editors Marshall–Olkin Distributions - Advances in Theory and Applications Bologna, Italy, October 2013 123 Editors Umberto Cherubini Department of Statistics University of Bologna Bologna Italy Sabrina Mulinacci Department of Statistics University of Bologna Bologna Italy Fabrizio Durante Faculty of Economics and Management Free University of Bozen-Bolzano Bolzano Italy ISSN 2194-1009 ISSN 2194-1017 (electronic) Springer Proceedings in Mathematics & Statistics ISBN 978-3-319-19038-9 ISBN 978-3-319-19039-6 (eBook) DOI 10.1007/978-3-319-19039-6 Library of Congress Control Number: 2015940730 Mathematics Subject Classification: 60E05, 60E15, 62H10, 91B30, 91B70, 62P05 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regu