--%>

Who measured risk as coherent in finance theory

Who measured risk as coherent, in finance theory?

E

Expert

Verified

Artzner et al., in 1997 proposed a set of properties which a measure of risk must satisfy for this to be sensible. This risk measures are termed as coherent.

   Related Questions in Financial Management

  • Q : Describe the concept of the Sharpe

    Describe the concept of the Sharpe performance measure.The Sharpe performance measure (SHP) is a risk-adjusted performance measure. This is describing as the mean excess return to portfolio above the risk-free rate divided by the portfolio's sta

  • Q : Illustrates an example of complete and

    Illustrates an example of complete and incomplete markets?

  • Q : Describe how to calculate the overall

    Describe how to calculate the overall balance and discuss its significance.The overall BOP is finding out by computing the cumulative balance of payments by including the current account, capital account, and the statistical discrepancies. The n

  • Q : Describe the long position in an

    Describe the long position in an options contract?An option is a contract giving the long the right to buy or sell a given quantity of an asset at a particular price at some time in the future, however not enforcing any obligation on him if the

  • Q : Describe difference between

    Describe difference between international financial management and domestic financial management?

  • Q : A. What per visit price must be set for

    A. What per visit price must be set for the service to break even? To earn an annual profit of $100,000

  • Q : Question on nominal rate Suppose a

    Suppose a currency swap wherein two counterparties of comparable credit risk each borrow at the best rate obtainable, yet the nominal rate of one counterparty is greater than the other. After the primary principal exchange, is the counterparty i.e. required t

  • Q : What is actuarial approach in Central

    What is actuarial approach in Central Limit Theorem?

  • Q : Explain when the dividends should be

    Explain when the dividends should be similar to discounted.

  • Q : Reason that financial managers

    What is the reason that financial managers calculate the marginal tax rate?