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Extreme Values in Business Interruption Insurance
The size distribution of yearly claims in the French business interruption insurance branch is a Pareto law with an extremely long tail. The behavior of that law reflects the fact that the totalExpand
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Economic returns of research: the Pareto law and its implications
Abstract:At what level should government or companies support research? This complex multi-faceted question encompasses such qualitative bonus as satisfying natural human curiosity, the quest forExpand
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Scale Invariance in Economics and in Finance
“Scale invariance” is not a common expression in economics, and expressions like “self similarity” or “self affinity” are scarcely used. Even “stable non gaussian laws” (or “Levy laws”, orExpand
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BUSINESS INTERRUPTION INSURANCE, A RISKY BUSINESS: A STUDY ON SOME PARETIAN RISK PHENOMENA
Both the size-distribution or yearly claims in the French business interruption insurance branch and the claim size-distribution per firm have a Pareto tail. It is so long that the theoretical lawExpand
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Extremal Events in a Bank Operational Losses
Extremal Events in a Bank Operational Losses Hela Dahen1, Georges Dionne1, Daniel Zajdenweber2 18 February 2010 1 HEC Montreal 2 Universite Paris X-Nanterre Abstract Operational losses are trueExpand