Anthropelos, Michail; Blontzou, Evmorfia - In: Risks : open access journal 11 (2023) 6, pp. 1-24
-dependent derivative security. We apply the notion of the super-hedging value and propose its difference from the current pension's fund … different strategies than the super-hedging one. This means that the pension fund will be left with some liability risk … the super-hedging valuation unchanged. …