On ‘A note on arbitrage, approximate arbitrage and the fundamental theorem of asset pricing’

Abstract

February 26, 2014 I would like to thank Dr Fontana for the critical analysis of our previous paper, in which we had aimed to provide an alternative proof (in a more limited setting) of the Fundamental Theorem of Asset Pricing (see, for example [1,2]). While naturally disappointed with the mistakes made in our paper, I am hopeful that the additional analysis provided by Dr Fontana [3] provides an enhanced understanding of the Fundamental Theorem for the readers of the journal.