Download This PaperElasticity Theory of Structuring
16 Pages Posted: 10 May 2013 Last revised: 19 Dec 2016
Date Written: April 23, 2013
Abstract
Financial derivatives have often been criticized as casino-style betting instruments. It turns out that many naive ways of making them are indeed equivalent to gambling. Fortunately, this inadvertent effect can be understood and prevented. We present a theory of product design which achieves that.
Keywords: Optimal investments, structuring, financial derivatives, risk aversion
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JEL Classification: C00, D83, G00
Suggested Citation: Suggested Citation
Soklakov, Andrei N., Elasticity Theory of Structuring (April 23, 2013). Available at SSRN: https://ssrn.com/abstract=2262963 or http://dx.doi.org/10.2139/ssrn.2262963
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