We have shown that business cycles of say five to ten years appear naturally due to an instability. Though it is the right ...

The research builds on the well-known Hawkes process, a model in which one event increases the likelihood of subsequent ...

2021 MAY 14 (NewsRx) -- By a News Reporter-Staff News Editor at Math Daily News-- Data detailed on differential equations have been presented. According to news reporting originating from Shandong ...

In this paper, a partial differential equation model for the pricing of pension plans based on average salary is posed by using the dynamic hedging methodology. The existence and uniqueness of ...

Although the world in which we live in is non-linear, or multi-dimensional, engineers and scientists have long used linear mathematical formulas to create models to predict physical phenomena such as ...

Accounting for default risk in the valuation of financial derivatives has become increasingly important, especially since the 2007–8 financial crisis. Under some assumptions, the valuation of ...