用风险价值代替非破产资本金是错误和多余的
Value-at-Risk substitute for non-ruin capital is fallacious and redundant
摘要：
这似乎不可能使用一个理论上足够但过于复杂的风险度量，称为非破产资本，因此它被广泛（包括监管文件）用一个不充分但简单的风险度量取代，称为风险价值。这与阿尔伯特·爱因斯坦的观点相吻合，即“一切都应该尽可能简单，但不是更简单”，这导致了错误的，甚至是欺骗性的（但被普遍接受的）标准和建议。从风险的数学理论的观点出发，我们的目标是打破这一僵局。
英文摘要：
This seemed impossible to use a theoretically adequate but too sophisticated risk measure called non-ruin capital, whence its widespread (including regulatory documents) replacement with an inadequate, but simple risk measure called Value-at-Risk. Conflicting with the idea by Albert Einstein that "everything should be made as simple as possible, but not simpler", this led to fallacious, and even deceitful (but generally accepted) standards and recommendations. Arguing from the standpoint of mathematical theory of risk, we aim to break this impasse.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
