A payoff structure where the potential downside is larger than the potential upside.
Concave Payoff
1 of our books defines this term.
See also Convex Payoff · Non-Fungible · Positive Externalities
Filed under Metrics & Economics
1 of our books defines this term.
A payoff structure where the potential downside is larger than the potential upside.
See also Convex Payoff · Non-Fungible · Positive Externalities
Filed under Metrics & Economics
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