John Dodson:hi Greg Greg:Hi. My wife's using the phone. I can hear you through the computer, but I can't dial in yet. Greg:I'll get my thoughts organized here before I ask any questions. Thanks for having this session. John Dodson:Sure. I don't have any topics for tonight, so I will wait for someone else to take a lead. Xiaowen:That's fine, I just wanted to drop by to see if there is any good questions. Greg:So for the first part of the problem, VaR, we integrate F from -inf to (1-C)? John Dodson:yes John Dodson:no.. F is already the integral of the density, f John Dodson:we just need Q(1-c), which is F^{-1}(1-c), where F() is the integral of f() John Dodson:then for CVaR (aka ES), we average Q() from 0 to 1-c Greg:Alright, thank you. And to get F^, we solve F for psi, then switch the variables? John Dodson:yes. John Dodson:It is the value in the sample space corresponding to a particular cumulative density, 1-c in this case. Greg:John, is dropbox the preferred method of homework delivery this week? John Dodson:I don't think there is a preference for the weeklies. John Dodson:I think Jiafan will be doing the grading. I will set him up on the dropbox if that is the case. John Dodson:I will make sure anything left in the dropbox is graded. John Dodson:well, good night Greg and Xiaowen. I guess I will sign off. See you on Wed.