{"paper":{"title":"Pricing, Hedging and Optimally Designing Derivatives Via Minimization of Risk Measures","license":"","headline":"","cross_cats":[],"primary_cat":"math.PR","authors_text":"(2) CMAP, Ecole polytechnique, France), London School of Economics, Nicole El Karoui (2) ((1), Pauline Barrieu (1), Statistics Department, UK","submitted_at":"2007-08-07T13:07:03Z","abstract_excerpt":"The question of pricing and hedging a given contingent claim has a unique solution in a complete market framework. When some incompleteness is introduced, the problem becomes however more difficult. Several approaches have been adopted in the literature to provide a satisfactory answer to this problem, for a particular choice criterion. In this paper, in order to price and hedge a non-tradable contingent claim, we first start with a (standard) utility maximization problem and end up with an equivalent risk measure minimization. This hedging problem can be seen as a particular case of a more ge"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"0708.0948","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/0708.0948/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}