Ambiguity aversion and incompleteness of financial markets
It is widely thought that incomes risks can be shared by trading in financial assets. But financial assets typically carry some risk idiosyncratic to them, hence, disposing incomes risk using financial assets will involve buying into the inherent idiosyncratic risk. However, standard theory argues t...
| Príomhchruthaitheoirí: | , |
|---|---|
| Formáid: | Working paper |
| Foilsithe / Cruthaithe: |
University of Oxford
2000
|
Search Result 1
Ambiguity Aversion and Incompleteness of Financial Markets.
Foilsithe / Cruthaithe 2001
Journal article
Search Result 2
Ambiguity Aversion and Incompleteness of Financial Markets.
Foilsithe / Cruthaithe 2000
Working paper