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Among the most promising developments in this arena is parametric insurance, a model that offers a more efficient and transparent approach compared to traditional insurance. This article delves ...
Nov 30 marks the second anniversary of the release of ChatGPT – though few professors will be celebrating. As the large language model raced towards a hundred million users back in 2022 ...
The parametric approach to VaR uses mean-variance analysis to predict future outcomes based on past experience. The parametric VaR calculation is straightforward but makes the assumption that ...