Risk assessments often encounter extreme settings with very few or no occurrences in reality. Inferences about risk indicators in such settings face the problem of insufficient data. Extreme value theory is particularly well suited for handling this type of problems. This paper uses a...

The theory of asset pricing has grown markedly more sophisticated in the last two decades, with the application of powerful mathematical tools such as probability theory, stochastic processes and numerical analysis. The main goal of Asset Pricing -Discrete Time Approach- is to provide a...