Thread: To hedgers: Adding insult to injury
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Old 09-12-2006, 12:42 AM
econophile econophile is offline
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Default Re: To hedgers: Adding insult to injury
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i could write other preferences that result in 100% hedges, even ones that are continuously differentiable,


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Really? I doubt you can come up with anything reasonable

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it's quite easy to do with a state dependent utility function. sorry for the technobabble, but for someone with your training in economics, it should be old hat.
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