Beißner, Patrick - In: Risks : open access journal 7 (2019) 3/98, pp. 1-18
This paper considers fundamental questions of arbitrage pricing that arises when the uncertainty model incorporates … extension of the paper by Ross (1976) (Ross, Stephen A. 1976. The arbitrage theory of capital asset pricing. Journal of Economic …-economic foundation of viability in which ambiguity-neutrality imposes a fair-pricing principle via symmetric multiple prior martingales …