This research focused on analyzing flouting and hedging maxims used by the main characters "Daddy Day Camp". The purposes of this were to investigate analyze how are flouted hedged Qualitative method was in because data form words rather than that numbers statistics. taken from utterances spoken After collected, they classified analyzed based Grice’s Cooperative principle theory. found many coo...

On the condition that both futures and options exist in the markets for hedging, this paper examines the optimal hedging strategy under price risk and background risk. Compared with the previous research, which has studied options hedging against basis risk and production risk being extended to options and futures hedging against price risk and background risk, we proposed a model and have take...

We develop an integrated simulation and optimization framework for multicurrency asset allocation problems. The simulation applies principal component analysis to generate scenarios depicting the discrete joint distributions of uncertain asset returns and exchange rates. We then develop and implement models that optimize the conditional-value-at-risk (CVaR) metric. The scenario-based optimizati...

We study the valuation and hedging of CSA interest rate derivatives. By CSA interest rate derivatives, we mean a portfolio of OTC interest rate derivatives between two defaultable counterparties, connected by the means of a netting agreement regarding the counterparty risk related cash flows between the two parties. CSA cash flows comprise the collateral relative to this netted set of contracts...

We propose a Bayesian implementation of the standard optimal hedging model that effectively and practically accommodates estimation errors and subjective views regarding both the expectation vector and the covariance matrix of asset returns. Numerical examples show that subjective views have a substantial impact on a hedger’s optimal position and that the impact of views regarding the direction...

Hedging is one of the most important risk management decisions that farmers make and has a potentially large role in the level of profit eventually earned from farming. Using panel data from a survey of Georgia farmers that recorded their hedging decisions for 4 years on four crops, we examine the role of habit, demographics, farm characteristics, and information sources on the hedging decision...

Allowing CEOs to hedge the risk in the compensation contracts their …rms give them has been controversial because such hedging permits the executives to undo some of the incentive e¤ects of those contracts; it also results in a divergence between the compensation …rms pay their senior executives and the compensation those executives e¤ectively receive. We analyze the personal hedging activities...

We show that the recent results on the Fundamental Theorem of Asset Pricing and the super-hedging theorem in the context of model uncertainty can be extended to the case in which the options available for static hedging (hedging options) are quoted with bid-ask spreads. In this set-up, we need to work with the notion of robust no-arbitrage which turns out to be equivalent to no-arbitrage under ...

We consider the problem of hedging the loss of a given portfolio of derivatives using a set of more liquid derivative instruments. We illustrate why the typical mathematical formulation for this hedging problem is ill-posed. We propose to determine a hedging portfolio by minimizing a proportional cost subject to an upper bound on the hedge risk; this bound is typically slightly larger than the ...