No free lunch with vanishing risk
id:
no-free-lunch-with-vanishing-risk-264-4644142
title:
No free lunch with vanishing risk
text:
No free lunch with vanishing risk (NFLVR) is a concept used in mathematical finance as a strengthening of the no-arbitrage condition. In continuous time finance the existence of an equivalent martingale measure (EMM) is no more equivalent to the no-arbitrage-condition, but is instead equivalent to the NFLVR-condition. This is known as the first fundamental theorem of asset pricing. Informally speaking, a market allows for a free lunch with vanishing risk if there are admissible strategies, which
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/No_free_lunch_with_vanishing_risk
date created:
date modified:
2023-12-02T21:36:00Z
main entity:
{"identifier":"Q7045227","url":"https://www.wikidata.org/entity/Q7045227"}
image:
fields total:
13
integrity:
13