This paper seems to be influenced by a renegade Turkish scholar. By the way, Frank Partnoy's wonderful book emphatically shows how poorly many investors understand what they are buying -- even people in charge of finance for big corps., like GE.
On Wed, Jun 28, 2006 at 05:16:07PM -0700, Sabri Oncu wrote: > For a related empirical confirmation take a look at this paper and > references therein: > > http://www.stanford.edu/~duffie/fcdt.pdf > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
