Expected shortfall (ES) is the expected loss conditional on the loss being less than the value at risk (VaR) level.   Select one: True False

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.3: Solving Linear Equations
Problem 27E
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Expected shortfall (ES) is the expected loss conditional on the loss being less than the value at risk (VaR) level.

 

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False
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