In Financial Economics
- Coherent risk measures, a class of risk measures
Read more about this topic: Coherence
Famous quotes containing the words financial and/or economics:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)