P vs. NP asks: are these two classes actually the same? If P = NP, then every “hard” problem is secretly fast to solve; we ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Abstract: This article aims at proposing a multistage linear Gauss pseudospectral method (MS-LGPM) for solving the piecewise continuous nonlinear optimal control problem (OCP) with interior-point ...
Abstract: This paper presents an analytical approach for Black-Scholes European options model in the sense of powered modified log-payoff functions. This approach is based on the reduced differential ...