Demystifying copulas: An interactive lesson

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Revision as of 20:50, 25 June 2024 by Myriad-admin (talk | contribs)

Year of publication: 2024

Access: Open

Link: https://zenodo.org/records/12533412, https://doi.org/10.5281/zenodo.12533412

Organisation(s) / Author(s): John Hillier, Loughborough Univeristy

Description

An EXCEL-based exploration, creating your first copula in a step-by-step exercise. Then, using this to understand how correlation affects joint risk in multi-hazard / compound risk scenarios through simulation.

Technical considerations None

Keywords

Copula, Insurance, Risk correlation, Natural hazard, Dependency, Co-occurring hazards, Compound risk


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