Before revision: We discuss a new notion of risk measures that preserve the property of coherence called Copula Conditional Tail Expectation (CCTE) . This measure describes the expected amount of risk that can be experienced given that a potential bivariate risk exceeds a bivariate threshold value, and provides an important measure for right-tail risk.
After revision: We discuss a new notion of risk measures that preserve the property of coherence called Copula Conditional Tail Expectation (CCTE) , is given. This risk measure describes the expected amount of risk that can be experienced given that a potential bivariate risk exceeds a bivariate threshold value, and provides an important measure for right-tail risk.