Albrecht, Peter - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2003
The present review of (financial) risk measures, prepared for the Encyclopaedia of Actuarial Science, first distinguishes two conceptions of risk. Risk of the first kind conceives risk as the magnitude of (one- or two-sided) deviations from a target, whereas risk of the second kind conceives...