Category:Index securities
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(Created page with 'This type of security is also known as linear security. In this case the price of the security reflects the estimated value of the outcome and its payoff is tied to the actual ou…') |
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This type of security is also known as linear security. In this case the price of the security reflects the estimated value of the outcome and its payoff is tied to the actual outcome of the event. For example, the price of the security represents the estimated vote share of a presidential candidate and the payoff is determined according to his/her actual performance. | This type of security is also known as linear security. In this case the price of the security reflects the estimated value of the outcome and its payoff is tied to the actual outcome of the event. For example, the price of the security represents the estimated vote share of a presidential candidate and the payoff is determined according to his/her actual performance. | ||
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