Tail value at risk
From Wikipedia, the free encyclopedia
In finance and insurance tail value at risk (TVaR) is a risk measure associated with the more general value at risk. TVaR accounts for the severity of failure and not only the chance of failure. It is defined as follows: ![\frac{1}{1-p} \int_p^1 Q_q[X]dq](../../../../math/e/a/c/eac5aa54794502c1e660de0a077eb234.png)
.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
