Method evidence record
Conditional Value-at-Risk
Conditional Value-at-Risk (CVaR), also called Expected Shortfall, is a coherent tail-risk measure that quantifies the conditional expectation of losses beyond the Value-at-Risk threshold. It was introduced for optimization by Rockafellar and Uryasev (2000) and shown to be coherent by Acerbi and Tasche (2002), and it has replaced VaR as the regulatory standard under Basel III/IV.
Source record
Citations copied verbatim from the method’s source record. No claim-level verification is inferred from them.
Conditional Value-at-Risk (Expected Shortfall)
Taxonomic method record · regression-model / finance
- Rockafellar, R. T. & Uryasev, S. (2000). Optimization of Conditional Value-at-Risk. Journal of Risk, 2(3), 21-41. · DOI 10.21314/JOR.2000.038
- Acerbi, C. & Tasche, D. (2002). On the Coherence of Expected Shortfall. Journal of Banking & Finance, 26(7), 1487-1503. · DOI 10.1016/S0378-4266(02)00283-2
Curated claims
Claims persisted in the evidence ledger, each with its own assessment.
No curated claims yet
This view does not invent a claim assessment when the ledger has none.
Related methods
Generated from the method graph and shown as machine-suggested relations — no evidence claim is inferred.