... enforcement, he had worked for many years as a cryptanalyst for the US Government's National Security Agency; and before that, he had earned a PhD in statistics from a prestigious west‐coast university. Given these impressive qualifications, he quite readily saw the killer's pattern: The first initial...

..., the improvement is dramatic. Practical implications In applications of this type the present method is highly preferable to the classical Delta‐Gamma cum normal distribution approach. Originality/value This paper uses a “statistics of extremes” approach to stress testing. With this approach it is possible...