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Extreme Value Theory
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== <span style="color: #FFFFFF;">Evaluating</span> == Evaluating extreme value theory: # '''The "Sample" Problem''': How can we predict a "1,000-year event" if we only have "50 years of data"? (The "Small Data" problem of big events). # '''Ethics of Safety''': Is it "Right" to build a dam for a "100-year event" if it saves money, but a "1,000-year event" would kill 1,000 people? (The "Price of a Life"). # '''Overconfidence''': Does "Calculating the risk" make us "Feel safe" when we should be "Scared"? (The "Black Swan" surprise). # '''Insurance Limits''': If EVT says a "Global Pandemic" is inevitable, should insurance companies even exist, or will they "All go broke at once"? </div> <div style="background-color: #2F4F4F; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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