Before revision: We reinforce the foundations of our quantitative approach to structuring by considering a large class of rational investors. Again, the Bayesian laws of information processing provide us with simple yet powerful tools . Structuring of investment derivatives is summarized as a manufacturing process .
After revision: We reinforce the foundations of our quantitative approach to structuring by considering a large class of investors. Bayesian laws of information processing provide us with simple yet powerful tools . Structuring of investment derivatives is summarized as a manufacturing process .