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Risk Measure Modelling

Author

Listed:
  • Dominika Crnjac

    (Faculty of Electrical Engineering, Osijek)

Abstract

As a phenomenon, risk represents a latent quantity of money or equivalent values needed as a guarantee. We would like to model in some essential way the approach to potential loss caused by various agents. If the interest focuses on security, it is necessary to determine a limit. The aim of this paper is to refer to relevant literature and show how measure theory can be built as a mathematical discipline into economic theory providing thereby risk managers with a tool by means of which they will be able to link mathematical and economic thought.

Suggested Citation

  • Dominika Crnjac, 2007. "Risk Measure Modelling," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 3, pages 241-249.
    • Handle: RePEc:osi:journl:v:3:y:2007:p:241-249
    as

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    References listed on IDEAS

    as
    1. Fishburn, Peter C, 1977. "Mean-Risk Analysis with Risk Associated with Below-Target Returns," American Economic Review, American Economic Association, vol. 67(2), pages 116-126, March.
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