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Expected Shortfall: a natural coherent alternative to Value at Risk
We discuss the coherence properties of Expected Shortfall (ES) as a financial risk measure. This statistic arises in a natural way from the estimation of the "average of the 100p % worst losses" in a sample of returns to a portfolio. Here p is some fixed
Acerbi, Carlo, Tasche, Dirk
core +4 more sources
ABSTRACT George Herbert Mead is an oft forgotten or ignored American philosopher who was one of the originators of pragmatism. Today, he is recognised as a creative thinker who has teased out knotty problems that others in the field had not realised were problems. Understanding Mead's analysis has been made difficult because he died prematurely without
Richard Ormerod
wiley +1 more source
Abstract Statistical hypothesis testing (SHT) is widely employed across numerous scientific disciplines, and a clear understanding of its underlying logic is essential for the broader scientific community. Here, drawing upon both epistemological and statistical perspectives, we aim to clarify—primarily for educational purposes—the logical relationship ...
Maria Cristina Amoretti +1 more
wiley +1 more source
Non‐Rigid 3D Shape Correspondences: From Foundations to Open Challenges and Opportunities
Abstract Estimating correspondences between deformed shape instances is a long‐standing problem in computer graphics; numerous applications, from texture transfer to statistical modelling, rely on recovering an accurate correspondence map. Many methods have thus been proposed to tackle this challenging problem from varying perspectives, depending on ...
A. Zhuravlev +14 more
wiley +1 more source
Nature, Science, Bayes' Theorem, and the Whole of Reality [PDF]
A fundamental problem in science is how to make logical inferences from scientific data. Mere data does not suffice since additional information is necessary to select a domain of models or hypotheses and thus determine the likelihood of each model or ...
Alexanian, Moorad
core
Establishing Shape Correspondences: A Survey
Abstract Shape correspondence between surfaces in 3D is a central problem in geometry processing, concerned with establishing meaningful relations between surfaces. While all correspondence problems share this goal, specific formulations can differ significantly: Downstream applications require certain properties that correspondences must satisfy ...
A. Heuschling, H. Meinhold, L. Kobbelt
wiley +1 more source
"It from bit" and the quantum probability rule [PDF]
I argue that, on the subjective Bayesian interpretation of probability, "it from bit" requires a generalization of probability theory. This does not get us all the way to the quantum probability rule because an extra constraint, known as noncontextuality,
Leifer, M. S.
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When and why to give shorebirds a head start
Abstract Headstarting is a translocation technique involving the hatching or rearing of wild eggs or young in captivity and the release of those individuals back to the wild at or before independence. It has been trialed as a conservation intervention for shorebirds over recent decades to improve the population trend of target populations by increasing
Lynda Donaldson +4 more
wiley +1 more source
Abstract The foundational nature of expectations‐based theories and the prominence of symmetric unimodal stochastic assumptions in economic research render the expected outcome the go to locational focus throughout its many realms. When symmetric unimodality prevails, expected and most likely outcomes are identical; however, when it does not, they are ...
Gordon Anderson
wiley +1 more source
Kant's Dialectic of Enlightenment
Abstract Kant's moral thought emphasizes both our ability to make adequate, immediate moral judgment, as well as our deep‐seated forms of self‐entrapment. Strikingly, these forms of self‐entrapment are not simply the result of reason being overpowered by forces external to it, but arise out of reason itself, as pathological versions of otherwise ...
Laurenz Ramsauer
wiley +1 more source

