Results 91 to 100 of about 1,441 (213)

The fundamental theorem of asset pricing with and without transaction costs

Mathematical Finance, Volume 35, Issue 2, Page 567-609, April 2025.
Abstract We prove a version of the fundamental theorem of asset pricing (FTAP) in continuous time that is based on the strict no‐arbitrage condition and that is applicable to both frictionless markets and markets with proportional transaction costs. We consider a market with a single risky asset whose ask price process is higher than or equal to its ...
Christoph Kühn
wiley   +1 more source

Navigating Supply Shocks: Sector Resilience and Production Prices Through Stochastic Input–Output Modeling

Mathematical Finance, EarlyView.
ABSTRACT This study develops a novel multivariate stochastic framework for assessing systemic risks, such as climate and nature‐related shocks, within production or financial networks. By embedding a linear stochastic fluid network, interpretable as a generalized vector Ornstein–Uhlenbeck process, into the production network of interdependent ...
Giovanni Amici, Gianluca Fusai, Anna Maria Gambaro, Daniele Marazzina   +3 more
wiley   +1 more source

The modulating role of sources of difficulty in interactive matchstick algebra. [PDF]

Front Psychol
Spiridonov V, Erofeeva M, Klowait N, Morozov M, Ardislamov V.   +4 more
europepmc   +1 more source

Automatic differentiation of uncertainties: an interval computational differentiation for first and higher derivatives with implementation. [PDF]

PeerJ Comput Sci, 2023
Dawood H, Megahed N.
europepmc   +1 more source

Equilibrium Reward for Liquidity Providers in Automated Market Makers

Mathematical Finance, EarlyView.
ABSTRACT We find the equilibrium contract that an automated market maker (AMM) offers to their strategic liquidity providers (LPs) in order to maximize the order flow that gets processed by the venue. Our model is formulated as a leader–follower stochastic game, where the venue is the leader and a representative LP is the follower.
Alif Aqsha, Philippe Bergault, Leandro Sánchez‐Betancourt   +2 more
wiley   +1 more source

A Synthesis of Mathematics Interventions for High School Students With Mathematics Difficulties. [PDF]

J Learn Disabil
Payne SB, Powell SR, Fry EC.
europepmc   +1 more source

Solving Stochastic Climate‐Economy Models: A Deep Least‐Squares Monte Carlo Approach

Mathematical Finance, EarlyView.
ABSTRACT Stochastic versions of recursive integrated climate‐economy assessment models are essential for studying and quantifying policy decisions under uncertainty. However, as the number of state variables and stochastic shocks increases, solving these models via deterministic grid‐based dynamic programming (e.g., value‐function iteration/projection ...
Aleksandar Arandjelović, Pavel V. Shevchenko, Tomoko Matsui, Daisuke Murakami, Tor A. Myrvoll   +4 more
wiley   +1 more source

The Abelian group structure of full factorial designs. [PDF]

Front Psychol
Altieri NA.
europepmc   +1 more source

Too Much Finance: Mechanisms That Harm Growth and Policy Implications

The Manchester School, EarlyView.
ABSTRACT The mechanisms for the financial sector to harm growth arise through short‐termism of financial markets. This leads to the misallocation of resources in the private sector, leading to financial crises and damage to growth. However, harm to growth comes not only from financial crises, but also from the failure of short‐termist financial markets
Arup Daripa, Sandeep Kapur, Marco Pelliccia   +2 more
wiley   +1 more source

Born's Rule from Contextual Relative-Entropy Minimization. [PDF]

Entropy (Basel)
Zaghi A.
europepmc   +1 more source