State prices

（重定向自Pure Security）

In financial economics, a state-price security, also called an Arrow-Debreu security (from its origins in the Arrow-Debreu model), a pure security, or a primitive security is a contract that agrees to pay one unit of a numeraire (a currency or a commodity) if a particular state occurs at a particular time in the future and pays zero numeraire in all the other states. The price of this security is the state price of this particular state of the world, which may be represented by a vector. The state price vector is the vector of state prices for all states.

单词	Pure Security
释义	Pure Security 英语百科 State prices （重定向自Pure Security） In financial economics, a state-price security, also called an Arrow-Debreu security (from its origins in the Arrow-Debreu model), a pure security, or a primitive security is a contract that agrees to pay one unit of a numeraire (a currency or a commodity) if a particular state occurs at a particular time in the future and pays zero numeraire in all the other states. The price of this security is the state price of this particular state of the world, which may be represented by a vector. The state price vector is the vector of state prices for all states.
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