Towards a Topological Representation of Risks and Their Measures
In risk theory, risks are often modeled by risk measures which allow quantifying the risks and estimating their possible outcomes. Risk measures rely on measure theory, where the risks are assumed to be random variables with some distribution function. In this work, we derive a novel topological-bas...
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Format: | Article |
Language: | English |
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MDPI AG
2018-11-01
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Series: | Risks |
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Online Access: | https://www.mdpi.com/2227-9091/6/4/134 |