1 define value at risk 2 summarize the strengths of var as


After reading carefully the following article https://www.nytimes.com/2009/01/04/magazine/04risk-t.html?&

Please answer the following questions:

1. Define Value at Risk

2. Summarize the strengths of VaR as a risk management tool.

3. Summarize the weaknesses of VaR.

4. Does reliance on imperfect measures of risk lead to better or worse risk management?

Explain your reasoning clearly!!!!

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