Based on the analysis and calculation of the hazard intensity of typhoon rainstorms and floods as well as the vulnerability of flood receptors and the possibility of great losses, risk scenarios are proposed and presented in Wenzhou City, Zhejiang Province, China, using the Pearson-III model and...

Sample covariance matrices tend to underestimate the risk of optimized portfolios. In this article, we identify special portfolios, termed “eigenportfolios,” that capture these systematic biases. Further, we present a methodology for estimating eigenportfolio biases and for adjusting the...