R is an open-source programming language and environment with powerful and extensive features for data analysis, data visualization, and statistical computing. Although R first appeared in the 1990s, ...

We develop and evaluate a two-level simulation procedure that produces a confidence interval for expected shortfall. The outer level of simulation generates financial scenarios, whereas the inner ...

This is a preview. Log in through your library . Abstract This paper presents a concept of operational gaming with important new features and describes its implementation. One of these new features is ...