Analysis of extreme events [6]

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Bullet points include: Genesis: often outcome of analysing income / wealth / size distributions. E.g. Lorenz curves as per Lorenz(1905) “Methods of measuring the concentration of wealth”. Classification: most come from relatively small number of overarching families / systems, e.g.:. Pearson system: density satisfies. E.g. Normal has. Burr system: cdf satisfies: Stoppa, transformation systems (e.g. Johnson), Dagum system …

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