Before revision:  This leads us  the following question: will the hedge still be somewhat meaningful for models in the proximity of Q? If we measure proximity with the usual Wasserstein distance (say), the answer is NO. Models which are similar wrt Wasserstein distance may provide dramatically different information on which to base a hedging strategy.
After revision:  This leads us to the following question: will the hedge still be somewhat meaningful for models in the proximity of Q? If we measure proximity with the usual Wasserstein distance (say), the answer is NO. Models which are similar wrt Wasserstein distance may provide dramatically different information on which to base a hedging strategy.