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Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks. The articles in the book were written with a broad audience in mind and should provide enjoyable reading for those with university level degrees and/or those who have studied for accreditation by various actuarial and financial societies.
The volume presents a collection of refereed papers dealing with the issue of optimality in several areas including: multiple testing, transformation models, competing risks, regression trees, density estimation, copulas, and robustness.
Probability and Statistics theme is a component of Encyclopedia of Mathematical Sciences in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. The Theme with contributions from distinguished experts in the field, discusses Probability and Statistics. Probability is a standard mathematical concept to describe stochastic uncertainty. Probability and Statistics can be considered as the two sides of a coin. They consist of methods for modeling uncertainty and measuring real phenomena. Today many important political, health, and economic decisions are based on statistics. This theme is structured in five main topics: Probability and Statistics; Probability Theory; Stochastic Processes and Random Fields; Probabilistic Models and Methods; Foundations of Statistics, which are then expanded into multiple subtopics, each as a chapter. These three volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs
A comprehensive history of the relationship between Africa and the United States Toyin Falola and Raphael Njoku reexamine the history of the relationship between Africa and the United States from the dawn of the trans-Atlantic slave trade to the present. Their broad, interdisciplinary book follows the relationship’s evolution, tracking African American emancipation, the rise of African diasporas in the Americas, the Back-to-Africa movement, the founding of Sierra Leone and Liberia, the presence of American missionaries in Africa, the development of blues and jazz music, the presidency of Barack Obama, and more.
Intelligent Techniques for Cyber-Physical Systems covers challenges, opportunities, and open research directions for cyber-physical systems (CPS). It focuses on the design and development of machine learning and metaheuristics-enabled methods as well as blockchain for various challenges like security, resource management, computation offloading, trust management, and others in edge, fog, and cloud computing, Internet of Things (IoT), Internet of Everything (IoE), and smart cities. It also includes the design and analysis of deep learning-based models, sensing technologies, metaheuristics, and blockchain for complex real-life systems for CPS. Offers perspectives on the research directions in ...
The book presents a nuanced narrative about statistical development in Africa since around the time of independence when emerging states needed statistics mainly to support their planning processes. It highlights challenges faced then, some of which have persisted, including institutional, organizational and technical challenges. These challenges manifest themselves in countries with different degrees of severity and are quite severe in post-conflict countries. Key statistical programmes to support statistical development in Africa in the 1970s, 1980s and 1990s are presented
This new edited volume features contributions from many of the leading scientists in probability and statistics from the latter part of the 20th century. It is the only book to assemble the views of these leading scientists--the pioneers in their respective fields. Stochastic Musings features contributions by: *Sir David Cox on statistics and econometrics; *C.R. Rao, M.B. Rao, and D.N. Shanbhag on convex sets of multivariate distributions and their extreme points; *Bradley Efron on the future of statistics; *David Freedman on regression association and causation; *Vic Barnett on sample ordering for effective statistical inference with particular reference to environmental issues; *David Bart...
V. 1-5, v. 7-10 include "Bulletin bibliographique."