This is why I believe in ‘no-arbitrage’ asset pricing as the baseline:

How to earn airmiles with limited cost.

View from the Wing » Blog Archive » Buying Money With Your Credit Card to Earn Miles

No-arbitrage asset pricing teaches us to look for the limits to arbitrage when we find a ‘money machine.’

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s