Certifiably Pseudorandom Financial Derivatives
نویسندگان
چکیده
منابع مشابه
Pseudorandom Financial Derivatives (working Paper)
Arora, Barak, Brunnermeier, and Ge [ABBG10] showed that taking computational complexity into account, a dishonest seller could increase the lemon costs of a family of financial derivatives dramatically. We show that if the seller is required to construct derivatives of a certain form, then this phenomenon disappears. In particular, we define and construct pseudorandom derivative families, for w...
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ژورنال
عنوان ژورنال: SIAM Journal on Computing
سال: 2019
ISSN: 0097-5397,1095-7111
DOI: 10.1137/17m1161828