17.保险市场也可以被看作一种特殊的期权市场。（）

(1)设各国都了解该支付矩阵并相信另一国会根据它自己的利益行事。两个国家都有一个占优策略吗?如果各国都为了最大化其福利而采取理性的行为，均衡政策将是什么?

(2)现在假设日本不能肯定美国一定会表现得很理性。特别是，日本担心美国政治家即.使不能最大化美国的福利也要惩罚日本。这将如何影响日本的策略选择?这将如何改变均衡?

We can think of the U. s. and Japanese trade policies as a Prisoners' Dilemma. The two countries are considering policies to open or close their import markets. Suppose the payoff matrix is:

a Assume that each country knows the payoff matrix and believes that the other country will act in its own interest. Does either country have a dominant strategy? What will the equilibrium policies if each country acts rationally to maximize its welfare?

b. Now amuse that Japan is mot certain that the u.s. will behave ration.In particular Japan is concerned that U. S. g politicians may want to penalize Japan even if that does not maximize

U. S. welfare. How might this affect Japan' s choice of strategy? How might this change the equilibrium?

B.卖方期权也称看跌期权

C.美式期权的买方在期权到期日前任意时点，可以随时要求卖方履行期权合约

D.期权的执行价格优于现在的市场价格，则该期权属于价外期权

E.平价期权的执行价格等于现在的即期市场价格

此题为判断题(对，错)。

B.批发价

C.零售价

D.折扣价

A、从一定意义上说，金融期权是金融期货功能的延伸和发展，是一种行之有效的控制风险的工具

B、价格发现功能指在公开、公平、高效、竞争的市场中，通过集合竞价形成期权价格的功能

C、预计价格上涨的投机者会买入看涨期权，预计价格下跌的投机者会买入看跌期权

D、金融期权的盈利主要是期权的协定价和市价的不一致而带来的收益做过标记

B．工业市场

C．转售商市场

D．国际市场