Title :
Robust No Asymptotic Free-Lunch
Author_Institution :
China Inst. for Actuarial Sci., Center Univ. of Finance & Econ., Beijing, China
Abstract :
In this paper, we introduce a new concept - robust no asymptotic free lunch, provide a necessary and sufficient condition for robust no asymptotic free lunch, and give the existence of a strong consistent price system.
Keywords :
pricing; price system; robust No asymptotic free lunch; sufficient condition; Cost accounting; Economics; Finance; Friction; Pricing; Robustness; Security; Absence of arbitrage; free lunch; market frictions; pricing rule; viability;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2011 Fourth International Joint Conference on
Conference_Location :
Yunnan
Print_ISBN :
978-1-4244-9712-6
Electronic_ISBN :
978-0-7695-4335-2
DOI :
10.1109/CSO.2011.231
