Photo from archive.org
We investigate the possibility of completing financial markets in a model with no exogenous probability measure, with market imperfections and with an arbitrary sample space. We also consider whether such… Click to show full abstract
We investigate the possibility of completing financial markets in a model with no exogenous probability measure, with market imperfections and with an arbitrary sample space. We also consider whether such an extension may be possible in a competitive environment. Our conclusions highlight the economic role of complexity.
Keywords:
competitive financial;
finance;
markets complex;
complete competitive;
financial markets;
complex world
Journal Title: Finance and Stochastics
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!
Journal Title: Finance and Stochastics
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!