Third, I emphasise that tail events need to be carefully modeled.
第三，我要强调的是，(经济危机过后的)末尾事件需要进行仔细的模拟和推演。
Tail events are rare but they are nevertheless economically important.
尾事件罕见但他们仍然具有重要经济意义的。
In other words, it was not a random drawing from a distribution of events with a fat tail but actually predictable in advance given the rising macro and financial risks and vulnerabilities.
换句话说，它并非带有肥尾的一系列离散事件的随机结果，而是在事先观察到上升的宏观及金融风险后完全可以预见到的。
Nassim Taleb and a few other finance scholars stressed the risk of fat-tail extreme events in financial markets.
纳西姆·塔雷柏及其他几位金融学者强调了金融市场中肥尾(fat - tail)极端事件的风险。
In the analysis of financial data the tail of the distribution imply the serious loss of a financial institution led by potential disastrous events.
在分析金融数据时，分布的尾部反映的是潜在的灾难性事件对金融机构造成的重大损失。
If people want to make accurate judgment and prognosticate to these tail extreme events, we need to find a more suitable model which deals with these extreme cases.
人们需对这些尾部极端事件做出精确的判断和预测，这就需要寻求更加适合的模型方法来处理这些极端情况。
Tail risk events are situations that, while conceivable, are highly unlikely based on mathematical modeling.
尾部风险事件是指如下情况，可以想像但是非常难以建立数学模型。
Therefore, it is becoming more important to study the dependence of extreme events. And this paper continues the research on the tail features of asset returns, especially of stock markets.
而且，近些年的一些金融极端事件，在全球范围内造成巨大影响，因而，研究极端事件之间发生的相关度也显得尤为重要。
Therefore, the small probability of extreme events of great value-the tail risks should call peoples' attention.
所以，对小概率大数值的极端尾部风险事件要引起人们的高度重视。
Therefore, the small probability of extreme events of great value-the tail risks should call peoples' attention.
所以，对小概率大数值的极端尾部风险事件要引起人们的高度重视。
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