IMPLIED-IN-PRICES EXPECTATIONS: THEIR ROLE IN ARBITRAGE
Real prices are created on markets by supply and demand and they do not have to follow some distributions or have some properties, which we often assume. However, prices have to follow some rules in order to make arbitrage impossible. Existence of arbitrage opportunities means existence of inefficie...
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| Μορφή: | Άρθρο |
| Γλώσσα: | English |
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Accademia Peloritana dei Pericolanti
2014-02-01
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| Σειρά: | Atti della Accademia Peloritana dei Pericolanti : Classe di Scienze Fisiche, Matematiche e Naturali |
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| Διαθέσιμο Online: | http://dx.doi.org/10.1478/AAPP.92S1B1 |