Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Pricing Money: A Beginner's Guide to Money, Bonds, Futures and Swaps. Parent comment
The view presented here assumes that the market prices risk (premium) arbitrarily correctly, and then argues the benefits of that.
What is optimal depends on the premium and a subjective assessment of the risk. There is no guarantee that what market offers is optimal.
There are no comments on this comment yet.
The view presented here assumes that the market prices risk (premium) arbitrarily correctly, and then argues the benefits of that.
What is optimal depends on the premium and a subjective assessment of the risk. There is no guarantee that what market offers is optimal.