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VaR Risk Measures versus Traditional Risk Measures: an Analysis and Survey

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Figure

Table 1: Summary of the most common risk measures, their main drawbacks and the relations in the general case between the mean-risk criterion using these risk measures and the Stochastic Dominance approach
Figure 1. Value-at-Risk�
Figure 2. Accumulate-VaR���������
Figure 3. A comparison of Fishburn's U�-t, with UMean-VaRt (left panel) and with UMean-AVaRt (right panel) .�

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