If neither hedgers nor speculators have private information, should both be expected to make zero profit?
October 16th, 2008
Derivatives asked:
If neither hedgers nor speculators have private information, should both be expected to make zero average profit from futures trading ? Why?
BARMORE
If neither hedgers nor speculators have private information, should both be expected to make zero average profit from futures trading ? Why?
BARMORE