
arXiv: 1304.7535
Financial derivatives have often been criticized as casino-style betting instruments. It turns out that many naive ways of making them are indeed equivalent to gambling. Fortunately, this inadvertent effect can be understood and prevented. We present a theory of product design which achieves that.
16 pages, 3 figures
FOS: Economics and business, Quantitative Finance - General Finance, General Finance (q-fin.GN)
FOS: Economics and business, Quantitative Finance - General Finance, General Finance (q-fin.GN)
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