论文标题
非鲁因资本的价值替代品是谬误和多余的
Value-at-Risk substitute for non-ruin capital is fallacious and redundant
论文作者
论文摘要
这似乎不可能使用理论上适当但过于复杂的风险措施，称为非鲁因资本，从而用不足但简单的风险措施替换了其广泛的（包括监管文件），称为价值风险。与阿尔伯特·爱因斯坦（Albert Einstein）的想法相抵触，即“一切都应该使一切变得尽可能简单，但不是更简单”，这导致了谬误，甚至欺骗（但普遍接受）标准和建议。从数学风险理论的角度来看，我们旨在打破这种僵局。
This seemed impossible to use a theoretically adequate but too sophisticated risk measure called non-ruin capital, whence its widespread (including regulatory documents) replacement with an inadequate, but simple risk measure called Value-at-Risk. Conflicting with the idea by Albert Einstein that "everything should be made as simple as possible, but not simpler", this led to fallacious, and even deceitful (but generally accepted) standards and recommendations. Arguing from the standpoint of mathematical theory of risk, we aim to break this impasse.
