risk management

1. Show that, given a L and a confidence level a (0,1), VaR (L) is given by inf{1 R: F (1) a) where F, is the loss distribution for L. 1. Show that, given a L and a confidence level a (0,1), VaR (L) is given by inf{1 R: F (1) a) where F, is the loss distribution for L