Conditional Value at Risk is the expected loss,given that a loss occurs.

Name: Conditional Value at Risk is the expected loss,given that a loss occurs.
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Quizplus · Accepted Answer

Conditional Value at Risk (CVaR) is also known as Expected Shortfall and is defined as the expected loss beyond a certain percentile (usually the 95th or 99th percentile) of the distribution of losses, given that a loss has occurred. Therefore, the statement "Conditional Value at Risk is the expected loss, given that a loss occurs" is true.

Conditional Value at Risk Is the Expected Loss,given That a Loss