Complex hedges: How well do they work?
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Dwight Grant; Mark Eaker
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Article
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1989
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John Wiley and Sons
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English
β 808 KB
his paper examines empirically whether complex hedges reduce risk more than T naive or simple hedges?' Anderson and Danthine (1980,1981) derived two of the complex hedges we study. They extended a simple hedging model by introducing hedges in multiple assets and hedges of portfolios of assets. Baese