When is tail mean estimation more efficient than tail median? Answers and implications for quantitative risk management

Author:

Barnard Roger W.,Pearce Kent,Trindade A. AlexandreORCID

Publisher

Springer Science and Business Media LLC

Subject

Management Science and Operations Research,General Decision Sciences

Reference28 articles.

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2. Acerbi, C., & Tasche, D. (2002). On the coherence of expected shortfall. Journal of Banking & Finance, 26, 1487–1503.

3. Artzner, P., Delbaen, F., Eber, J., & Heath, D. (1999). Coherent measures of risk. Mathematical Finance, 9, 203–228.

4. Basel III. (2013). Fundamental review of the trading book: A revised market risk framework, Technical report. Basel Committee on Banking Supervision, October 2013.

5. Chun, S. Y., Shapiro, A., & Uryasev, S. (2012). Conditional value-at-risk and average value-at-risk: Estimation and asymptotics. Operations Research, 60, 739–756.

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