Hakansson's Paradox/Definition

From Citizendium
< Hakansson's Paradox
Revision as of 06:22, 14 September 2009 by imported>Meg Taylor (add)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
 
A definition or brief description of Hakansson's Paradox.

Proposition which states, if markets are complete we do not need options; if they are incomplete then according to financial theory we cannot price options.