A Probability Metrics Approach to Financial Risk Measuresrelates the field of probability metrics and risk measures to oneanother and applies them to finance for the first time.
* Helps to answer the question: which risk measure is best for agiven problem?
* Finds new relations between existing classes of riskmeasures
* Describes applications in finance and extends them wherepossible
* Presents the theory of probability metrics in a more accessibleform which would be appropriate for non-specialists in thefield
* Applications include optimal portfolio choice, risk theory, andnumerical methods in finance
* Topics requiring more mathematical rigor and detail areincluded in technical appendices to chapters