Why the Welfare State Looks Like a Free Lunch
نویسندگان
چکیده
منابع مشابه
a Free Lunch ?
526 NOTICES OF THE AMS VOLUME 51, NUMBER 5 The notion of arbitrage is crucial in the modern theory of finance. It is the cornerstone of the option pricing theory due to F. Black and M. Scholes (published in 1973, Nobel Prize in Economics 1997). The underlying idea is best explained by telling a little joke. A finance professor and a normal person go on a walk, and the normal person sees a €100 ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.372842