Fair game

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Fair game

An investment prospect that has a zero risk premium.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fair Game

1. An investment without a risk premium. That is, fair game describes an investment without a higher return for more risk accepted. Thus, an investor may take on higher risk without the possibility of higher return. Risk-averse investors tend to avoid these investments.

2. See: Zero-sum game.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved