This book is designed for students, researchers and practitioners who want to
be introduced to modern statistical tools applied in finance and insurance. It
is the result of a joint effort of the Center for Economic Research (CentER),
Center for Applied Statistics and Economics (C.A.S.E.) and Hugo Steinhaus
Center for Stochastic Methods (HSC). All three institutions brought in their
specific profiles and created with this book a wide-angle view on and solutions
to up-to-date practical problems.