Evaluating multiple sources of risk is an important problem with many applications in finance and economics. In practice this evaluation remains challenging. We propose a simple non-parametric framework with several economic and statistical applications. In an empirical study, we illustrate the...

Abnormal Western Pacific subtropical high (WPSH) activities often lead to extreme weather events in East Asia in some years. The relationship between the WPSH and the members of the East Asian summer monsoon (EASM) system is unknown, however. So the forecasting of abnormal WPSH activities is...