In the context of financial markets, risk = variance from the mean
That it not true, or, rather, not entirely true. VAR is very widely used in the real world and it’s not variance. I also think Taleb would facepalm at this definition X-)
That it not true, or, rather, not entirely true. VAR is very widely used in the real world and it’s not variance. I also think Taleb would facepalm at this definition X-)