137 research outputs found
Uniqueness of Kusuoka Representations
This paper addresses law invariant coherent risk measures and their Kusuoka
representations. By elaborating the existence of a minimal representation we
show that every Kusuoka representation can be reduced to its minimal
representation. Uniqueness -- in a sense specified in the paper -- of the risk
measure's Kusuoka representation is derived from this initial result.
Further, stochastic order relations are employed to identify the minimal
Kusuoka representation. It is shown that measures in the minimal representation
are extremal with respect to the order relations. The tools are finally
employed to provide the minimal representation for important practical
examples. Although the Kusuoka representation is usually given only for
nonatomic probability spaces, this presentation closes the gap to spaces with
atoms
Tekster og fortolkninger eller homo hermeneuticus. (in Norwegian, Bokmål)
Abstract: Two approaches to the interpretation of Wittgenstein's works are much debated: the "text-immanent" approach on the one hand and the "contextual" approach on the other hand. Both sides in the dispute have produced arguments for their positions, however, in my view, without succeeding. In this paper I try to show why. I also propose an alternative approach which can be called "pragmatic constructivist"
Wittgenstein to Sraffa: Two Newly-discovered Letters from February and March 1934
This paper introduces and publishes two letters from 1934 written by Wittgenstein to Sraffa. The first of these confirms that on the one hand Wittgenstein and Sraffa had communicative difficulties. On the other hand Wittgenstein acknowledged the strength of Sraffa's thinking and he was aware of being positively influenced by it. The second longer letter is part of a debate between Wittgenstein and Sraffa that had been ongoing in the few weeks preceding the letter. In the letter, Wittgenstein tried to clarify and review in part his thinking on the points he discussed during the debate
- …