The word’s the thing

Words are important in statistics. When statistician Ronald Fisher fought his famous war of ideaswith Karl Pearson in the 1920s, he was careful to attach loaded words to his newly coined technical definitions – words such as ‘efficient’, ‘sufficient’ and ‘consistent’. The language helped build support for the mathematical ideas. The modern world of cutting-edge financial statistics – the world of risk measures and capital allocation – is not that different.

The term ‘value-at-risk’ carried all

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: