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econ.TH2021
Risk measures induced by efficient insurance contracts
Qiuqi Wang, Ruodu Wang, Ricardas Zitikis
The Expected Shortfall (ES) is one of the most important regulatory risk measures in finance, insurance, and statistics, which has recently been characterized via sets of axioms fr…
math.HO2021
Alternative ways to initiate students' intuition, and hence internalization, of why zero factorial is equal to one
Munir Mahmood, Lori L. Murray, Ricardas Zitikis +1
Zero factorial, defined to be one, is often counterintuitive to students but nonetheless an interesting concept to convey in a classroom environment. The challenge is to delineate…