Faluche (bread) was often baked as the oven was just heating up before the main baking. Faluche (bread) Faluche is a traditional bread in the Nord-Pas-de-Calais region of northern France and the Tournai region of southern Belgium. Faluche is a pale white bread that is soft and fairly dense. It is neither a round nor flat bread but looks somewhat like a small deflated soccer ball. It may be eaten hot at breakfast with butter and jam or with cream cheese and smoked salmon or later as a snack with butter and brown sugar or with brie cheese. Faluche is made with
No free lunch with vanishing risk If formula_6 is a semimartingale with values in formula_7 then "S" does not allow for a free lunch with vanishing risk if and only if there exists an equivalent martingale measure formula_8 such that "S" is a sigma-martingale under formula_8. No free lunch with vanishing risk No free lunch with vanishing risk (NFLVR) is a no-arbitrage argument. We have "free lunch with vanishing risk" if by utilizing a sequence of time self-financing portfolios which converge to an arbitrage strategy, we can approximate a self-financing portfolio (called the "free lunch with vanishing risk"). For a semimartingale "S", let formula_1 where a