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The article aims to survey recent advancements in risk management field. First a popular quantile-based risk measure Value-at-Risk (VaR), nowadays widely used to asses exposure to market and credit risk, is presented. Four different approaches are introduced, implemented and backtested on PSE...
Persistent link: https://www.econbiz.de/10005036377
This paper focuses on the identification of the main criterion for the classification of basic indicators and their corresponding scales (nominal, ordinal, interval and ratio). The criterion is the number of meaningful categories of the formulation or measurement of all mutual differences of all...
Persistent link: https://www.econbiz.de/10005036564
This paper scrutinizes the publishing histories of associate and tenured professors of economic sciences in the Czech Republic. According to domestic regulation, only certain universities may grant associate and tenured professorships. Such universities require that professorial candidates...
Persistent link: https://www.econbiz.de/10005673591
possible to allocate three basic approaches: probability, fuzzy-set theory and expert estimation. As shown by the world … experience, the effectiveness using of methods based on probability, fuzzy sets and expert estimation depends on the level and … retreat place of subjective probability based on expert estimation, or fuzzy set interval descriptions denote by membership …
Persistent link: https://www.econbiz.de/10009401108