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This book explores the innovative use of parimutuel betting mechanisms as a model for financial markets and risk-sharing instruments. Baron & Lange demonstrate how parimutuel systems—traditionally applied in horse racing—can be adapted to finance, offering new methods for pricing, hedging, and managing unconventional risks. It provides both theoretical insights and practical applications, appealing to academics, financial engineers, and professionals in risk management.

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245: $a: Parimutuel Applications In Finance: New Markets for New Risks
245: $b:
082: $a:
100: $a: Ken Baron & Jeffrey Lange
650: $a: Finance
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440: $v:
250: $b: Palgrave Macmillan
250: $c: 2010
020: $a: 9781403905072
300: $a: 260