Parimutuel applications in finance : new markets for new risks

Bibliographic Information

Parimutuel applications in finance : new markets for new risks

Ken Baron and Jeffrey Lange

Palgrave Macmillan, 2007

  • : cloth

Available at  / 6 libraries

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Note

Includes bibliographical references (p. 258-270) and indexes

Description and Table of Contents

Description

Financial intermediaries typically offer derivatives to their customers only when they can hedge the exposures from these transactions. Baron and Lange show that parimutuel auctions can be used by financial intermediaries to offer derivatives without exposing themselves to risk.

Table of Contents

With a forward by Professor Robert J. Shiller Parimutuel Wagering Introduction to Parimutuel Applications in Finance The Mathematics of Parimutuel Applications in Finance Mathematical Theorems Numerical Solution Techniques

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