Using regular variation to define heavy tailed distributions, we show that prominent downside risk measures produce … similar and consistent ranking of heavy tailed risk. Thus regardless of the particular risk measure being used, assets will be …

In this paper we compare overall as well as downside risk measures with respect to the criteria of first and second … order stochastic dominance. While the downside risk measures, with the exception of tail conditional expectation, are … consistent with first order stochastic dominance, overall risk measures are not, even if we restrict ourselves to two …

Risk-based regulation is becoming a familiar regulatory strategy in a wide range of areas and countries. Regulatory … attention tends to focus, at least initially, on high risks but low-risk regulatees or activities tend to form the bulk of the … survey-based research is used to develop a taxonomy of intervention strategies that may be useful in relation to low-risk …