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rmrfstar

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rmrfstar
·6年前·讨论
Again, I am very surprised that people would down-vote this. The post articulates the core idea behind Arrow-Debreu securities, and taking the question seriously could yield some very interesting discussion about prices.

https://en.wikipedia.org/wiki/State_prices
rmrfstar
·6年前·讨论
Super confused that anyone would down-vote this. It is empirical reality [1].

[1] https://faculty.fuqua.duke.edu/~charvey/Teaching/BA453_2004/...