What is it about?

Singular copulas may help in various optimization problems in the class of distributions with given marginals. Here we have shown which is the copula giving the maximal probability of Joint default for two lifetimes. The investigations are relevant in Reliability Theory and Life Insurance.

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Why is it important?

The work enlarges our viewpoint on the use of exotic copula models in system reliability and life insurance.

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This page is a summary of: On the singular components of a copula, Journal of Applied Probability, December 2015, Cambridge University Press,
DOI: 10.1017/s0021900200113154.
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