Computational Complexity and Information Asymmetry in Financial Products

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Sanjeev Arora, Boaz Barak, Markus Brunnermeier, Rong Ge

May 1, 2011

Securitization of cash flows using financial derivatives transformed the financial industry over the last three decades. Derivatives have attracted criticism, but others say problems with derivatives would disappear with use of more accurate financial models, more vigilance by buyers and better governmental oversight.

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Computational Complexity and Information Asymmetry in Financial Products

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