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C3P12020 FQRM Chapter3 Part 1
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Nc_r5RrHHog
In the first video of Chapter 3, we discuss the concept of dependence between random variables. Whereas previous chapters focused on one-dimensional risks, in this chapter we consider 2 risks and show that determining the joint probabilities requires additional information about the dependence structure. • Contents: • 00:00 - Introduction: random vectors. • 02:38 - marginal distributions and dependence. • 04:41 - Example: Normal marginals but different dependence structures.
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