Recent Examples of clave from the Web The entrancing expedition of an album opens with a track highlighted by a hypnotizing clave from Klik & Frik, the cumbia-tripping duo Frikstailersâ side project. â
Entropy as a Measure of Risk. Like beta and volatility, entropy is used to measure financial risk as a measure of randomness. In the world of finance, risk is both bad and good depending on the needs of the investor; however, it is generally assumed that greater risk creates a higher probability for enhanced growth.
Abstract: This article proposes a new coherent risk measure called iso-entropic risk measure, which is based on relative entropy under. the theory framework of Artzner et al.(1999). It is pointed that this measure is just the negative expectation of the risk portfolio position.