摘要翻译:
没有免费午餐机会的概念是金融市场经济理论的支柱之一。这个自然的假设被证明是非常富有成效的,并导致了伟大的数学,以及经济,在数量金融方面的见解。严格地制定无风险利润机会缺乏的确切定义,结果是一个非常重要的事实,困扰了数学家和经济学家至少20年。本说明的目的是给出一个快速的(而且必然是不完整的)对最近的工作的说明,这些工作旨在提供一个简单而直观的没有免费午餐的假设,这将足以形成一个著名的资产定价基本定理的版本。
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英文标题:
《Free Lunch》
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作者:
Constantinos Kardaras
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最新提交年份:
2010
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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英文摘要:
The concept of absence of opportunities for free lunches is one of the pillars in the economic theory of financial markets. This natural assumption has proved very fruitful and has lead to great mathematical, as well as economical, insights in Quantitative Finance. Formulating rigorously the exact definition of absence of opportunities for riskless profit turned out to be a highly non-trivial fact that troubled mathematicians and economists for at least two decades. The purpose of this note is to give a quick (and, necessarily, incomplete) account of the recent work aimed at providing a simple and intuitive no-free-lunch assumption that would suffice in formulating a version of the celebrated Fundamental Theorem of Asset Pricing.
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PDF链接:
https://arxiv.org/pdf/1002.2741