Demystifying copulas: An interactive lesson: Difference between revisions
Myriad-admin (talk | contribs) No edit summary |
Myriad-admin (talk | contribs) No edit summary |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{MHRA | |||
|Publication Year=2024 | |||
|Access=Open | |||
|Link=https://zenodo.org/records/12533412, https://doi.org/10.5281/zenodo.12533412 | |||
|Author(s)=John Hillier, Nikolas Petalas, Tom Perkins | |||
|Description=A guide to using copulas to correlate random variable, for example two types of loss. This guide provides an introduction to copulas, how they can be used in operational risk modelling for multi-hazard / compound risk scenarios through simulation. | |||
The link provides an Excel based exercise designed as an interactive lesson to learn more about copulas. | |||
|Key Words=Copula, Insurance, Risk correlation, Natural hazard, Dependency, Co-occurring hazards, Compound risk | |||
}} | |||
Copula, Insurance, Risk correlation, Natural hazard, Dependency, Co-occurring hazards, Compound risk | |||
Latest revision as of 16:01, 4 April 2025
Publication Year: 2024
Access: Open
Link: https://zenodo.org/records/12533412, https://doi.org/10.5281/zenodo.12533412
Author(s): John Hillier, Nikolas Petalas, Tom Perkins
Organisation(s)/Authors:
Description:
A guide to using copulas to correlate random variable, for example two types of loss. This guide provides an introduction to copulas, how they can be used in operational risk modelling for multi-hazard / compound risk scenarios through simulation. The link provides an Excel based exercise designed as an interactive lesson to learn more about copulas.
Technical Considerations:
Key Words:
Copula, Insurance, Risk correlation, Natural hazard, Dependency, Co-occurring hazards, Compound risk