estimates the risk of extreme, rare events. Suppose we record the highest wind speed (m s−1) from 10 consecutive hurricanes. 34.5, 44.2, 57.5, 33.8, 67.8, 38.2, 41.5, 71.2, 61.0, 49.1 We order the values from lowest to highest. 33.8, 34.5, 38.2, 41.5, 44.2, 49.1, 57.5, 61.0, 67.8, 71.2 This tells us that 20% of the hurricanes have winds that exceed 61 m s−1 and 10% have winds that exceed 67.8 m s−1. EVT uses these quantile wind speeds to work out a theoretical highest possible wind speed, which we will call the limiting intensity (LI).