Copula modeling has taken the world of finance and insurance, and well beyond, by storm. Why is this? In this paper I review the early start of this development, discuss some important current research, mainly from an applications point of view, and comment on potential future developments. An alternative title of the paper would be “Demystifying the copula craze”. The paper also contains what ...

We propose a comprehensive Bayesian approach for graphical model determination in observational studies that can accommodate binary, ordinal or continuous variables simultaneously. Our new models are called copula Gaussian graphical models (CGGMs) and embed graphical model selection inside a semiparametric Gaussian copula. The domain of applicability of our methods is very broad and encompasses...

We develop sampling algorithms for multivariate Archimedean copulas. For exchangeable copulas, where there is only one generating function, we first analyse the distribution of the copula itself, deriving a number of integral representations and a generating function representation. One of the integral representations is related, by a form of convolution, to the distribution whose Laplace trans...

This paper presents an analysis of Irish clefting couched within LexicalFunctional Grammar. In Irish, cleft sentences are formed using two syntactic permutations. First, a copula is introduced, taking the clefted phrase or word as a predicate. Second, a relative clause is formed containing the remaining material of the original sentence. This basic pattern is valid across a variety of languages...

In her proposal Claudia Maienborn attempts to provide evidence above all for the following basic claims: First, stative verbal expressions, regardless of whether they represent stage-level or individual-level predicates, pattern with eventive expressions in introducing a hidden referential argument which can be located in time and may serve as an antecedent for anaphoric reference. What separat...

Empirical studies show that there is stronger dependency between large losses than large profit in financial market, which undermine the performance of using symmetric distribution for modeling these asymmetric. That is why the assuming normal joint distribution of returns is not suitable because of considering the linier dependence, and can be lead to inappropriate estimate of VaR. Copula theo...

In order to evaluate the importance of higher-order correlations in neural spike count codes, flexible statistical models of dependent multivariate spike counts are required. Copula families, parametric multivariate distributions that represent dependencies, can be applied to construct such models. We introduce the Frank mixture family as a new copula family that has separate parameters for all...

This article examines the ability of time-varying Gaussian and Student t copulas to accurately predict the probability of joint extreme co-movements in stock index returns. Using a sample of more than 20 years of daily return observations of the Eurostoxx 50 and Dow Jones Industrial 30 stock indices, Gaussian and Student t copulas are calibrated daily on a rolling window of the 250 most recent ...

Imipramine-induced ex copula ejaculates (11) and fractionated in copula ejaculates were collected from each of 5 pony stallions for freezing in 5-ml straws (6), using a modified Kenney glucose skim-milk extender (2). Initial post-thaw total and progressive motilities and daily post-thaw total and progressive motilities, as well as the number of days to reach 0 progressively motile spermatozoa, ...