Let X, Y be insurance claims due to flood disasters (X) and wind storms (Y). Last year events taught us that very often the extremal values of X are accompanied by extremal values of Y. In mathematical language it means, that X and Y are asymptotically dependent. Traditional models based on multidimensional normal probability law give rise to quite opposite conclusion. Therefore in modelling of extremal events more and more often the researchers are using the elliptic probability law instead of the normal one. In my presentation I'm going to answer the question, for which two-dimensional elliptic random variables (X,Y) the one-dimension random variables X and Y are asymptotically dependent.

• Legal notice:
  

  Copyright (c) Pielaszek Research, all rights reserved.
  The above materials, including auxiliary resources, are subject to Publisher's copyright and the Author(s) intellectual rights. Without limiting Author(s) rights under respective Copyright Transfer Agreement, no part of the above documents may be reproduced without the express written permission of Pielaszek Research, the Publisher. Express permission from the Author(s) is required to use the above materials for academic purposes, such as lectures or scientific presentations.
  In every case, proper references including Author(s) name(s) and URL of this webpage: https://science24.com/paper/6928 must be provided.

1. Rentier strategy of optimal consumption. 
2. Modelling of Short Term Interest Rate Based on Fractional Relaxation Equation