org-entitites aren't translated when used in a LaTeX fragment. For example when exporting $a = by(t) \rarr y(t+1) = by^{2}(t)$ to HTML I get \(a = by(t) \rarr y(t+1) = by^{2}(t)\) whereas I should get \(a = by(t) \rightarrow y(t+1) = by^{2}(t)\). \rarr isn't translated to \rightarrow witch make MathJax unhappy: Undefined control sequence \rarr
Looks like this bug as been reported in 2010 (http://thread.gmane.org/gmane.emacs.orgmode/22628/) but hasn't been fixed yet.