Prove Proposition 7.1. Proposition 7.1 Under the assumptions of Sect. 6.4, suppose furthermore that = (*)EN be
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Prove Proposition 7.1.
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Proposition 7.1 Under the assumptions of Sect. 6.4, suppose furthermore that = (*)EN be an information flow contained in the (F)EN (i.e., KF, for all t = N) and such that agents are risk neutral. Let K market information flow F sand d are X-measurable, for all n = 1,....N and t N. Then the following hold:
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Financial Markets Theory Equilibrium Efficiency And Information
ISBN: 9781447174042
2nd Edition
Authors: Emilio Barucci, Claudio Fontana
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