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All right, in the black-scholes example I admit that those are not axioms in the traditional sense. Maybe the expected utility axioms would be a better example:
by thomaspaine 17y ago
All right, in the black-scholes example I admit that those are not axioms in the traditional sense. Maybe the expected utility axioms would be a better example: http://en.wikipedia.org/wiki/Expected_utility_hypothesis#von_Neumann-Morgenstern_formulation http://en.wikipedia.org/wiki/Expected_utility_hypothesis#von...