This should interest especially to all Risk management professionals and mathematicians. Try to answer this question using all your experiences and understanding of the fundamentals about a parameter called Climate Value at Risk. Your response should be easy to understand for those professionals who are not from your field.
Are you ready?
Here are simple questions:
1. How do you explain CVaR in not more than 50 words?
2. Is it good to have a high or low value of CVaR ?
3. How do you interpret the value of CVaR as 0 or 0%? Is it possible to have such a value in practice?
4. How do you interpret the value of CVaR as 1 or 100%? Is it possible to have such a value in practice?
Please share your comments here. We will look forward to hear from you. Thanks!
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