Agents who acknowledge that their models are incorrectly specified are said to be ambiguity averse, and this affects the prices they are willing to trade at. Models for prices of commodities attempt to capture three stylized features: seasonal trend, moderate deviations (a diffusive factor), and...

As commodity markets have continued their expansion an extensive and complex financial industry has developed to service them. This industry includes hundreds of participating firms, including asset managers, brokers, consultants, verification agencies and a myriad of other institutions....

TABLE OF CONTENTS -- DEDICATION -- FOREWORD-MORE PROFITS IN COMMODITIES THAN STOCKS -- HOW TO MAKE PROFITS IN COMMODITIES-CAN MONEY BE MADE IN COMMODITY FUTURES? -- CHAPTER I-CAN MONEY BE MADE IN COMMODITY FUTURES? -- CHAPTER II-FORM READING -- CHAPTER III-FORECASTING COMMODITY MOVES -- CHAPTER...