Introduction
The extreme value theory deals with the stochastic behavior of the minimum and the maximum of random variable. It involves a large variety of applications such as natural phenomena: rainfall, floods, atmospheric turbulence, corrosion...etc. The distribution proprieties of extremes and intermediate order statistics are determined by the upper and lower tails of the probability distribution.
Application of Extreme Value Theory :
Meteorology
extreme wind
heavy precipitation events
extreme in climate change
Hydrology
protection against flood
Finance
maximal daily lost
distribution of incomes
