Quote by Merton Miller

Arbitrage proof has since been widely used throughout finance and economics.

Arbitrage proof has since been widely used throughout financ

Summary

The quote suggests that the concept of arbitrage proof has gained significant acceptance and application in both the fields of finance and economics. Arbitrage proof refers to a mathematical or empirical demonstration that a particular investment or trading strategy can yield risk-free profits. This approach has become increasingly influential in these disciplines as it provides a rigorous method to evaluate investment opportunities, pricing models, and market efficiency. The widespread usage of arbitrage proof signifies its effectiveness in identifying and exploiting market inefficiencies to generate profitable outcomes.

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By Merton Miller

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