FÃllmer, Hans; Leukert, Peter - In: Finance and Stochastics 3 (1999) 3, pp. 251-273
In a complete financial market every contingent claim can be hedged perfectly. In an incomplete market it is possible to stay on the safe side by superhedging. But such strategies may require a large amount of initial capital. Here we study the question what an investor can do who is unwilling...