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On the difference between locally risk-minimizing and delta hedging strategies for exponential L\'evy models. (arXiv:1610.09085v1 [q-fin.CP])

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We discuss the difference between locally risk-minimizing and delta hedging strategies for exponential L\'evy models, where delta hedging strategies in this paper are defined under the minimal martingale measure. We give firstly model-independent upper estimations for the difference. In addition we show numerical examples for two typical exponential L\'evy models: Merton models and variance gamma models.


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