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We propose an approach to compute the conditional moments of fat-tailed phenomena that, only looking at data, could be mistakenly considered as having infinite mean. This type of problems manifests itself when a random variable Y has a…

Applications · Statistics 2018-08-02 Nassim Nicholas Taleb , Pasquale Cirillo

Asymptotic properties of random regular graphs are object of extensive study in mathematics. In this note we argue, based on theory of spin glasses, that in random regular graphs the maximum cut size asymptotically equals the number of…

Disordered Systems and Neural Networks · Physics 2010-02-25 Lenka Zdeborová , Stefan Boettcher

This paper investigates the second order asymptotic expansion for tail probabilities of discounted aggregate claims in continuous-time renewal risk models with constant interest force. Concretely, two types of continuous-time renewal risk…

Applications · Statistics 2025-01-07 Bingzhen Genga , Shijie Wanga , Yang Yang

A geometric representation for multivariate extremes, based on the shapes of scaled sample clouds in light-tailed margins and their so-called limit sets, has recently been shown to connect several existing extremal dependence concepts.…

Methodology · Statistics 2023-11-03 Jennifer Wadsworth , Ryan Campbell

Extreme events and the heavy tail distributions driven by them are ubiquitous in various scientific, engineering and financial research. They are typically associated with stochastic instability caused by hidden unresolved processes.…

Probability · Mathematics 2019-05-22 Andrew J. Majda , Xin T. Tong

In this paper we consider the semi-parametric estimation of extreme quantiles of a right heavy-tail model. We propose a new Log Probability Weighted Moment estimator for extreme quantiles, which is obtained from the estimators of the shape…

Methodology · Statistics 2014-01-16 Frederico Caeiro , Dora Prata Gomes

Gaussian random fields on Euclidean spaces whose variances reach their maximum values at unique points are considered. Exact asymptotic behaviors of probabilities of large absolute maximum of theirs trajectories have been evaluated using…

Probability · Mathematics 2019-04-12 Sergey G. Kobelkov , Vladimir I. Piterbarg

In this note, we obtain verifiable sufficient conditions for the extreme value distribution for a certain class of skew product extensions of non-uniformly hyperbolic base maps. We show that these conditions, formulated in terms of the…

Dynamical Systems · Mathematics 2008-10-27 Chinmaya Gupta

The aim of this article is to extend previous works about the asymptotics of an ill-prepared fast rotating, highly stratified incompressible Navier-Stokes system. Thanks to improved Strichartz estimates, we are able not only to cover a case…

Analysis of PDEs · Mathematics 2022-04-13 Frédéric Charve

We study conditions under which $P(S_\tau>x)\sim P(M_\tau>x)\sim E\tau P(\xi_1>x)$ as $x\to\infty$, where $S_\tau$ is a sum $\xi_1+...+\xi_\tau$ of random size $\tau$ and $M_\tau$ is a maximum of partial sums $M_\tau=\max_{n\le\tau}S_n$.…

Probability · Mathematics 2011-11-29 Denis Denisov , Sergey Foss , Dmitry Korshunov

In this paper, we investigate the distribution of the maximum of partial sums of certain cubic exponential sums, commonly known as "Birch sums". Our main theorem gives upper and lower bounds (of nearly the same order of magnitude) for the…

Number Theory · Mathematics 2020-07-15 Youness Lamzouri

The article studies the almost surely asymptotics of extreme values $\bar{\xi}_n = \max_{1\leq i \leq n} \xi_i$, where $ \xi , \xi_1 , \xi_2 , \ldots$ are discrete identically distributed random variables. One of the main results on this…

Probability · Mathematics 2025-03-27 Kateryna Akbash , Ivan Matsak

In this paper, we study quasi-stationary distributions of nonlinearly perturbed semi-Markov processes in discrete time. This type of distributions is of interest for the analysis of stochastic systems which have finite lifetimes, but are…

Probability · Mathematics 2016-04-28 Mikael Petersson

In this paper, a novel approach to the problem of estimating the heavy-tail exponent alpha>0 of a distribution is proposed. It is based on the fact that block-maxima of size m of the independent and identically distributed data scale at a…

Statistics Theory · Mathematics 2007-06-13 Stilian A. Stoev , George Michailidis , Murad S. Taqqu

The statistical theory of extremes is extended to observations that are non-stationary and not independent. The non-stationarity over time and space is controlled via the scedasis (tail scale) in the marginal distributions. Spatial…

Statistics Theory · Mathematics 2020-03-10 John H. J. Einmahl , Ana Ferreira , Laurens de Haan , Claudia Neves , Chen Zhou

We obtain nonasymptotic bounds on the spectral norm of random matrices with independent entries that improve significantly on earlier results. If $X$ is the $n\times n$ symmetric matrix with $X_{ij}\sim N(0,b_{ij}^2)$, we show that…

Probability · Mathematics 2016-08-11 Afonso S. Bandeira , Ramon van Handel

Consider the random walk $S_n=\xi_1+...+\xi_n$ with independent and identically distributed increments and negative mean $\mathbf E\xi=-m<0$. Let $M=\sup_{0\le i} S_i$ be the supremum of the random walk. In this note we present derivation…

Probability · Mathematics 2011-11-30 Denis Denisov , Vitali Wachtel

In this monograph, we prove an asymptotic approximation for integrals of probability densities over sets in finite dimensional euclidean space, which are far away from the origin (asymptotic sets). We use this approximation to investigate…

Probability · Mathematics 2009-09-29 Philippe Barbe

Let $X_{1},\ldots ,X_{n}$ be $n$ real-valued dependent random variables. With motivation from Mitra and Resnick (2009), we derive the tail asymptotic expansion for the weighted sum of order statistics $X_{1:n}\leq \cdots \leq X_{n:n}$ of…

Probability · Mathematics 2014-08-07 Enkelejd Hashorva , Jinzhi Li

The probability distribution of finite-time Lyapunov exponents provides an important characterization of dynamical attractors. We study such distributions for strange nonchaotic attractors (SNAs) created through several different mechanisms…

chao-dyn · Physics 2007-05-23 Awadhesh Prasad , Ramakrishna Ramaswamy
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