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LOR17: Extremes and Outliers

EPISODE · May 3, 2025 · 12 MIN

LOR17: Extremes and Outliers

from The Logic of Risk · host Pasquale Cirillo

In this episode, we dive into the critical difference between extremes and outliers. As we will soon discover, understanding this distinction is vital for accurate modeling, especially when assessing (tail) risk.We'll explore how both concepts relate to the range of possible values--the support--of a random variable and show you how to avoid common modeling pitfalls. Are you ready to take the risk?Become a supporter of this podcast: https://www.spreaker.com/podcast/the-logic-of-risk--6469023/support.

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LOR17: Extremes and Outliers

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