The fundamental theorems of prevision and asset pricing
نویسندگان
چکیده
We explore two connections between the concepts of coherence, as defined by de Finetti, and arbitrage-free asset pricing in financial markets. We contrast these concepts when random quantities may be unbounded. And we discuss some of the consequences for arbitrage theory when coherent previsions are merely finitely (but not countably) additive. 2007 Elsevier Inc. All rights reserved.
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عنوان ژورنال:
- Int. J. Approx. Reasoning
دوره 49 شماره
صفحات -
تاریخ انتشار 2008