Philipp Schmidtke was born on the 1st April 1991 in Leipzig, Germany. He got his high-school diploma in 2009 at Neue Nikolaischule in Leipzig. Subsequently he studied applied mathematics at HTWK Leipzig. He received his bachelor’s degree in 2012 and his master’s degree in 2015. Both thesis’ were done in cooperation with the Helmholtz-Centre for Environmental Research in Leipzig with topics regarding economic-ecological modelling and the coexistence of species. During his time in Leipzig he worked several times as a tutor for various courses. Since April 2015 he is doing his PhD at the Finance, Risk- & Resource Management chair of Prof. Dr. Peter N. Posch, at TU Dortmund University.
Using the Extremal Index for Value-At-Risk Backtesting