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Value-at-Risk (VaR) is a measure of the risk of loss of an asset X : the minimum loss incurred in the 100q% th worst cases
Value-at-Risk (VaR) is a measure of the risk of loss of an asset X : the minimum loss incurred in the 100q% th worst cases (or minimum amount of required reserves to cover losses that regularly occurs) 6 Suppose X1 Unif [0.5,0.5] and X2 Unif [0.5,0.5] are independent. If
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