The New York Times published an article on the role of VaR (Value at Risk) financial models in the current fiscal crisis:
VaR isn’t one model but rather a group of related models that share a mathematical framework. In its most common form, it measures the boundaries of risk in a portfolio over short durations, assuming [...]
Archive for January, 2009
Misunderstanding Risk
Posted in biases on January 5, 2009 | Leave a Comment »
