Probability Pricing
收藏NBER2025-11-01 更新2025-11-15 收录
下载链接：
https://www.nber.org/papers/w34448
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资源简介：
This paper develops probability pricing, extending cash flow pricing to quantify the willingness-to-pay for changes in probabilities. We show that the value of any marginal change in probabilities can be expressed as a standard asset-pricing formula with hypothetical cash flows derived from changes
提供机构：
美国国家经济研究局
创建时间：
2025-11-01
