id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cjfa-12563	Goodfellow, Christiane; Salm, Christian	RISKY RISK MEASURES: A NOTE ON UNDERESTIMATING FINANCIAL RISK UNDER THE NORMAL ASSUMPTION	2017	24	.pdf	application/pdf	16420	720	53	Since the bivariate cumulative distribution function is estimated: ��(�, �) = 1 �� (�� � �, �� � �) � �=1 we also estimate the copula with (��1, ��1),� , (���, ���) ��(�, �) = 1 �� (��� � �, ��� � �) � �=1 with (�, �) ∈ More formally, lower (upper) tail dependence refers to the probability that one portfolio component assumes very small (high) values we also estimate the copula with ��(�, �) = 1 �� (�� � �, �� � �) � �=1 we also estimate the copula with (��1, ��1),� , (���, ���) ��(�, �) = 1 �� (��� � �, ��� � �) � �=1 with (�, �) ∈	cache/cjfa-12563.pdf	txt/cjfa-12563.txt