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The skew-normal and related families are flexible and asymmetric parametric models suitable for modelling a diverse range of systems. We show that the multivariate maximum of a high-dimensional extended skew-normal random sample has…

Methodology · Statistics 2018-10-02 Boris Beranger , Simone A. Padoan , Yangfan Xu , Scott A. Sisson

Empirical distributions have their in-sample maxima as natural censoring. We look at the "hidden tail", that is, the part of the distribution in excess of the maximum for a sample size of $n$. Using extreme value theory, we examine the…

Statistical Finance · Quantitative Finance 2020-04-14 Nassim Nicholas Taleb

We consider solutions to the maximum recursion on weighted branching trees given by$$X\,{\buildrel d\over=}\,\bigvee_{i=1}^{N}{A_iX_i}\vee B,$$where $N$ is a random natural number, $B$ and $\{A_i\}_{i\in\mathbb{N}}$ are random positive…

Probability · Mathematics 2016-09-06 Mariusz Maślanka

We introduce a kernel estimator, to the tail index of a right-censored Pareto-type distribution, that generalizes Worms's one (Worms and Worms, 2014)in terms of weight coefficients. Under some regularity conditions, the asymptotic normality…

Statistics Theory · Mathematics 2021-10-15 Abdelhakim Necir , Louiza Soltane

Heavy tails are often found in practice, and yet they are an Achilles heel of a variety of mainstream random probability measures such as the Dirichlet process (DP). The first contribution of this paper focuses on characterizing the tails…

Statistics Theory · Mathematics 2025-04-04 Vianey Palacios Ramirez , Miguel de Carvalho , Luis Gutierrez Inostroza

We provide some asymptotic theory for the largest eigenvalues of a sample covariance matrix of a p-dimensional time series where the dimension p = p_n converges to infinity when the sample size n increases. We give a short overview of the…

Statistics Theory · Mathematics 2016-04-27 Richard Davis , Johannes Heiny , Thomas Mikosch , Xiaolei Xie

In this paper, higher-order expansions for distributions and densities of powered extremes of standard normal random sequences are established under an optimal choice of normalized constants. Our findings refine the related results in Hall…

Probability · Mathematics 2016-01-05 Wei Zhou , Chengxiu Ling

Ratios of central order statistics seem to be very useful for estimating the tail of the distributions and therefore, quantiles outside the range of the data. In 1995 Isabel Fraga Alves investigated the rate of convergence of three…

Statistics Theory · Mathematics 2021-02-03 Pavlina K. Jordanova , Milan Stehlí k

In this work we investigate the asymptotic behaviour of weighted partial sums of a particular class of random variables related to Oppenheim series expansions. More precisely, we verify convergence in probability as well as almost sure…

Probability · Mathematics 2020-04-08 Rita Giuliano , Milto Hadjikyriakou

Let $\{X_i(t),t\ge0\}, 1\le i\le n$ be mutually independent centered Gaussian processes with almost surely continuous sample paths. We derive the exact asymptotics of $$ P\left(\exists_{t \in [0,T]} \forall_{i=1 ... n} X_i(t)> u \right) $$…

Probability · Mathematics 2015-05-26 Krzysztof Dȩbicki , Enkelejd Hashorva , Lanpeng Ji , Kamil Tabiś

Strong anomalous diffusion is {often} characterized by a piecewise-linear spectrum of the moments of displacement. The spectrum is characterized by slopes $\xi$ and $\zeta$ for small and large moments, respectively, and by the critical…

We investigate a way of comparing and classifying tails of random variables. Our approach extends the notion of classical indices, such as exponential and moment indices, which are widely used measuring heaviness of tail functions. A…

Probability · Mathematics 2013-10-07 Jaakko Lehtomaa

The authors announce a general tail estimate, called a decoupling inequality, for a symmetrized sum of non-linear $k$-correlations of $n>k$ independent random variables.

Functional Analysis · Mathematics 2016-09-06 Victor H. de la Peña , Stephen J. Montgomery-Smith

Heavy-tailed random samples, as well as their sum or average, are encountered in a number of signal processing applications in radar, communications, finance, and natural sciences. Modeling such data through the Pareto distribution is…

Signal Processing · Electrical Eng. & Systems 2021-05-04 Francesco Grassi , Angelo Coluccia

Handling multiplicity without losing much power has been a persistent challenge in various fields that often face the necessity of managing numerous statistical tests simultaneously. Recently, $p$-value combination methods based on…

Statistics Theory · Mathematics 2024-02-06 Yeonwoo Rho

Consider a random walk $S=(S_n:n\geq 0)$ that is ``perturbed'' by a stationary sequence $(\xi_n:n\geq 0)$ to produce the process $(S_n+\xi_n:n\geq0)$. This paper is concerned with computing the distribution of the all-time maximum…

Probability · Mathematics 2007-05-23 Victor F. Araman , Peter W. Glynn

In this paper, asymptotic expansions of the distributions and densities of powered extremes for Maxwell samples are considered. The results show that the convergence speeds of normalized partial maxima relies on the powered index.…

Probability · Mathematics 2020-03-10 Jianwen Huang , Xinling Liu , Jianjun Wang , Zhongquan Tan , Jingyao Hou , Hao Pu

In this paper, we establish a sufficient condition to compare linear combinations of independent and identically distributed (iid) infinite-mean random variables under usual stochastic order. We introduce a new class of distributions that…

Probability · Mathematics 2025-05-06 Yuyu Chen , Taizhong Hu , Seva Shneer , Zhenfeng Zou

A common object to describe the extremal dependence of a $d$-variate random vector $X$ is the stable tail dependence function $L$. Various parametric models have emerged, with a popular subclass consisting of those stable tail dependence…

Statistics Theory · Mathematics 2026-01-21 Alexis Boulin , Axel Bücher

The classical approach to analyzing extreme value data is the generalized Pareto distribution (GPD). When the GPD is used to explain a target variable with the large dimension of covariates, the shape and scale function of covariates…

Statistics Theory · Mathematics 2025-11-21 Takuma Yoshida