Wong, Woon K. (contributor); … - 2008
because provision
has to be made for every conceivable extreme event; the opposite extreme might result in
no e�ective risk …
Agarwal, V.andNaik, N.(2004)Risksandportfoliodecisionsinvolvinghedgefunds, Review
of Financial Studies 17, 63 - 98.
Bali, T. G … Shapiro, A. (2001) Value-at-Risk based risk management: Optimal policies
and asset prices, Review of Financial Studies 14, 371 …