Analysis of Extremes in Management Studies

  • Baum J
  • McKelvey B
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The potential advantage of extreme value theory in modeling management phenomena is the central theme of this paper. The statistics of extremes have played only a very limited role in management studies despite the disproportionate emphasis on unusual events in the world of managers. An overview of this theory and related statistical models is presented, and illustrative empirical examples provided. © 2006 Elsevier Ltd. All rights reserved.

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  • Joel A.C. Baum

  • Bill McKelvey

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