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Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The Dark Side of the Moon: Structured Products from the Customers' Perspective |
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| Institution | University of Zurich |
| Series Name | NCCR FINRISK Working Paper |
| Number | 459 |
| Date | 2008 |
| Abstract Text | Structured financial products have gained more and more popularity in recent years, but nevertheless has their success so far not thoroughly been analyzed. In this article we develop a theoretical framework for the design of optimal structured products and analyze the maximal utility gain for an investor that can be achieved by introducing structured products. We demonstrate that most successful structured products are not optimal for a perfectly rational investor and investigate the reasons that make them nevertheless look so attractive for many investors |
| Other Identification Number | merlin-id:6006 |
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