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• W2057110654 abstract "The concept of tail dependence describes the amount of dependence in the lower-left-quadrant tail or upper-right-quadrant tail of a bivariate distribution. A common measure of tail dependence is given by the so-called tail-dependence coefficient. This paper surveys various estimators for the tail-dependence coefficient within a parametric, semiparametric, and nonparametric framework. Further, a detailed simulation study is provided which compares and illustrates the advantages and disadvantages of the estimators." @default.
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• W2057110654 date "2005-08-01" @default.
• W2057110654 modified "2023-10-14" @default.
• W2057110654 title "Estimating the tail-dependence coefficient: Properties and pitfalls" @default.
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• W2057110654 doi "https://doi.org/10.1016/j.insmatheco.2005.05.008" @default.
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