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Evaluering av Value-at-Risk med hjälp av extremvärdesteori - En studie tillämpad på den svenska aktiemarknaden

Value-at-Risk (VaR) har kommit att bli ett viktigt riskmått de senaste 20 åren och används av finansiella institut världen över. Det huvudsakliga problemet med detta mått är att välja den mest lämpliga sannolikhetsfördelningen för att prognostisera risken. Detta betyder att man måste göra antaganden om den underliggande tillgångens probabilistiska beteende och utifrån dessa antaganden evaluera VaRValue-at-Risk (VaR) has grown to become an important risk measurement used by financial institutions in the last 20 years. The primary problem with this measure is to choose the most appropriate probability density function to forecast the risk. This means assumptions have to be made about the underlying asset’s probabilistic behavior and from these assumptions evaluate the Value-at-Risk measure.

The Rotten Syncretism that Opens the Spirit

People have always been inclined not to stick with one god alone, not to trust one single religion. One possible conclusion is that history is full of syncretism. Syncretism seems to be disturbing. It disturbs the exclusive relationship between God and his people, and it disturbs the idea of logical purity if things are mixed up in an uncontrolled manner. Two main attitudes towards syncretism are

Non-Cognitivism and Validity

In this paper I defend against a certain objection the view that it is possible to account for validity and kindred notions for moral language within a non-cognitivist framework by appeal to the descriptive meaning of moral terms. The objection is that such an account leads to an asymmetry in the accounts it offers for synonymy in different contexts; in certain contexts it holds that sameness of m

On Tailbiting Codes from Convolutional Codes

Tailbiting is a method to terminate convolutional codes into block codes. We call these block codes tailbiting codes. This thesis focuses on the encoding of tailbiting codes. The tailbiting method is carefully investigated. Conditions for when the tailbiting method fails are given, and methods for the proper initialization of the encoder are presented. Furthermore, the minimum distances of the tai

Why explanations? Fundamental, and less fundamental ways of understanding the world

Abstract. My main claim is that explanations are fundamentally about relations between concepts and not, for example, essentially requiring laws, causes, or particular initial conditions. Nor is their linguistic form essential. I begin by showing that this approach solves some well-known old problems and then proceeds to argue my case using heuristic analogies with mathematical proofs. I find that

Taube och Olle Adolphson

Adolphson has grown up in the shadows (and light) of Evert Taube litterarily since he from childhood been a friend of Evert Taubes son Sven Bertil. He has gone deep into the songs and poetry of Evert Taube. This study focuses on the phychological impact Adolphson inherited from Taube as well as the darker sides of the personality