Conic economics
<p> Modern general equilibria under uncertainty are modeled based on the recognition that all risks cannot be eliminated, perfect hedging is not possible, and some risk exposures must be tolerated. Therefore, we need to define the set of acceptable risks as a primitive of the financial economy...
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| Language: | EN |
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University of Maryland, College Park
2017
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| Online Access: | http://pqdtopen.proquest.com/#viewpdf?dispub=10240052 |