Using the developed representations, we introduce a new family of higher-moment coherent risk measures (HMCR), which includes, as a special case, the Conditional Value-at-Risk measure. It is demonstrated that the HMCR measures are compatible with the second order stochastic dominance and utility...
The relevance of this model to modern education has been elsewhere examined (Klebanova,2022; Kusumoto,in press). Our thesis here is that it can offer a coherent response to Eliot’s questions. The integrative path of mindful wisdom progresses (1) through the wisdom born from study, from sele...
Through these videos, in less than 10 min the students can obtain an overview and coherent understanding of the subject and why it forms part of the curriculum in which it appears. The aim is to capture the interest of the students in the subject from the first moment, creating a learning...
The rapid disruptions caused by the Covid-19 pandemic in multiple sectors and areas of daily life provide a unique opportunity to study the university’s capacity to respond to changes in the external environment, to be a learning organization, in servic
The positive effect of online learning on psychology in times of health crises should also be pointed out [2]. Since social distancing measures disrupt not only the academic but also the social life of undergraduate students, virtual academic classrooms become students’ anchor to normalcy and an ...
Censored cases are represented by self-employed higher education graduates remaining in self-employment until the moment of the survey (for whom the event of exiting the self-employment isn't recorded during the study period). The hazard function represents the risk of "death" at time t, ...
argument in a recent course I taught onCities, Universities and the Development Processand found that the framework Hawawini developed is clear and coherent to those new to the internationalization of higher education debate. Of course his is a business school-derived perspective but it’s a ...
Various measures have been introduced in the existing literature to evaluate extreme risk exposure under the effect of an observable factor. Due to the nice properties of the higher-moment (HM) coherent risk measure, we propose a conditional version of the HM (CoHM) risk measure by...
Higher moment coherent risk measures. Quantitative Finance 7 - Krokhmal - 2007Krokhmal, P., 2007. Higher moment coherent risk measures. Quantitative Finance 7, 373-387.Krokhmal, P. (2007). Higher moment coherent risk measures. Quantitative Finance, 7, 373-387....
Summary This chapter introduces a family of coherent risk measures based on one-sided higher moments that overcome some of the drawbacks of centred higher moments. The widespread use of derivatives in financial business has led to a relaxing of the assumption of normality and, more generally, ...