Dynamical counterexamples for the usual interpretation of the Extremal Index
We consider stochastic processes arising from dynamical systems by evaluating an observable function along the orbits of the system. The Extremal Index, which is responsible for the appearance of clusters of exceedances, usually coincides with the reciprocal of the mean of the limiting cluster size distribution. In this talk, we show how to build dynamically generated stochastic processes with an Extremal Index for which that relation does not hold.