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The Motives for Financial Complexity:An Empirical Investigation
Complexity Finance Retail Industry
2015/4/29
By focusing on the highly innovative retail market for structured products, we investigate the drivers of financial complexity. We perform a lexicographic analysis of the term sheets of 55,000 retail ...
A representative investor generates realistic and complex security price paths by following this trading strategy: if, a few ticks ago, the market asset had two consecutive upticks or two consecutive ...