Unique text devoted to heavy-tailsThe treatment of heavy tails is largely dimensionlessThe text gives attention to both probability modeling and statistical methods for fitting models. Most other books focus on one or the other but not bothThe book emphasizes the broad applicability of heavy-tails to the fields of finance (e.g., value-at- risk), data networks, insuranceThe presentation is clear, efficient and coherent and, balances theory and data analysis to show the applicability and limitations of certain methodsSeveral chapters examine in detail the mathematical properties of the methodologies as well as their implementation in the Splus or R statistical languagesThe exposition is driven by numerous examples and exercises
