The Expected Shortfall (ES)measure Does Not Satisfy the Following Coherence

question 24

Multiple Choice

The expected shortfall (ES) measure does not satisfy the following coherence property of risk measures:

• A)Linear homogeneity.
• B)Sub-additivity.
• C)Translation invariance.
• D)None of the above.

---

Definitions:

Paralegal

A person trained in subsidiary legal matters but not fully qualified as a lawyer, who assists attorneys in their legal work.

AAfPE

The American Association for Paralegal Education, an organization promoting quality paralegal education and training.

ABA

An acronym that stands for the American Bar Association, a professional organization for lawyers in the United States.

Paralegal Education

An academic program or training that prepares students to assist lawyers in their legal work, including research, drafting documents, and case management.