The objective of the study is to explore the motives of investors to invest in derivative markets. It is a quantitative … analyzed using PLS-SEM to test the conceptual model. The results of the study show that speculation, hedging, and financial … speculation, hedging, and financial literacy explain 44.7% of the variance of the dependent variable, that is, the motives of …

Shakespearean arbitrage -- Between arbitrage and speculation -- Trading on the limits of learning -- Economy of dreams … -- The last dream -- From arbitrage to the gift …

arbitrage. Because of these limits, derivative securities can play primary roles in risk allocation and investors can demand …Classic option pricing theory values a derivative contract via dynamic replication, and views the derivative as … reducing the risk in derivative investments, the remaining risk can still be large and significant due to practical limits of …