Dealing with Dependent Risks
نویسندگان
چکیده
In most real life situations we are not only confronted with one single source of risk or one single risk, but with several sources of risk or combinations of risks. An important question is whether individual risks influence each other or not. This may concern the time of their occurrence and/or their severity. In other words, we need to understand how to model and describe the dependence structure of risks. Clearly, if risks influence each other in such a way that they tend to occur together and increase the severity of the overall risk, then the situation may be much more dangerous than otherwise.
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