Retrieving "Tail Events" from the archives

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1. Financial Engineering

   Linked via "tail events"

   Value at Risk (VaR) and Coherent Measures
   Value at Risk (VaR)/) is a statistical measure estimating the maximum expected loss over a given time horizon at a specified confidence level. While widely adopted, VaR is often criticized for failing to account for extreme tail events.
   More robust approaches often incorporate Conditional Value at Risk (CVaR)/) or Expected Shortfall. However, t…