LOCALLY RISK-MINIMIZING STRATEGIES IN DISCRETE-TIME INCOMPLETE FINANCIAL-MARKETS

Authors
HE SW XIA JM
Citation
Sw. He et Jm. Xia, LOCALLY RISK-MINIMIZING STRATEGIES IN DISCRETE-TIME INCOMPLETE FINANCIAL-MARKETS, Chinese Science Bulletin, 43(19), 1998, pp. 1601-1604
Citations number
4
Categorie Soggetti
Multidisciplinary Sciences
Journal title
Chinese Science Bulletin → ACNP
ISSN journal
10016538
Volume
43
Issue
19
Year of publication
1998
Pages
1601 - 1604
Database
ISI
SICI code
1001-6538(1998)43:19<1601:LRSIDI>2.0.ZU;2-O
Abstract
For discrete time case a characterization of locally risk-minimizing s trategies is given. Based on this characterization, it is evident that risk-minimizing strategies must be locally risk-minimizing.