A Basic Asymptotic Test for Value-at-Risk Subadditivity

An asymptotic hypothesis test for value-at-risk subadditivity is introduced and studied. The test is derived based on an equivalent formulation of the value-at-risk subadditivity inequality in terms of the distribution of the underlying risks’ sum. Its size is considered mathematically, and its powe...

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Bibliographic Details
Main Author: Marius Hofert
Format: Article
Language:English
Published: MDPI AG 2024-12-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/12/12/199
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