Extreme value statistics with an application to disordered systems

Statistical Physics and Complexity Group meeting

Extreme value statistics with an application to disordered systems

Event details

Extreme value statistics have been used in a wide variety of fields where extreme events are of critical importance. These include problems such as economics or financial risk, earthquake risk and flooding risk. In many cases these can be modelled using a Gumbel distribution. I shall derive the Gumbel distribution in the context of a simple disordered problem and show how it can be used to understand the physics of the problem. I hope this simple example will give some feel for how extreme value statistics can be used in other fields.