4 ms·
Some of Benoit Mandelbrot’s seminal work focused on Operational Hydrology. This work informed subsequent developments in extreme value theory. Frequency and lev
by the_optimist 2y ago
Some of Benoit Mandelbrot’s seminal work focused on Operational Hydrology. This work informed subsequent developments in extreme value theory. Frequency and level of tail risk events may not be characterizable by moments.
https://courses.physics.ucsd.edu/2016/Spring/physics235/Mandelbrot_Wallis-%20Noah,Joseph,et%20al.pdf https://courses.physics.ucsd.edu/2016/Spring/physics235/Mand...