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Non-Gaussian Merton-Black-Scholes Theory
This book introduces an analytically tractable and computationally effective class of non-Gaussian models for shocks (regular Lvy processes of the exponential type) and related analytical methods similar to the initial Merton-Black-Scholes approach, which the authors call the Merton-Black-Scholes theory.The authors have chosen applications interesting for financial engineers and specialists in financial economics, real options, and partial differential equations (especially pseudodifferential operators); specialists in stochastic processes will benefit from the use of the pseudodifferential operators technique in non-Gaussian situations. The authors also consider discrete time analogues of perpetual American options and the problem of the optimal choice of capital, and outline several possible directions in which the methods of the book can be developed further.Taking account of a diverse audience, the book has been written in such a way that it is simple at the beginning and more technical in further chapters, so that it is accessible to graduate students in relevant areas and mathematicians without prior knowledge of finance or economics.
Ramazan musahabeleri
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A Historical Dictionary of Indian Food
An alphabetical listing of Indian food materials, cuisines and recipes of India, and the health aspects of the foods, which makes reference to the literature, archaeology, historical writing, botany and genetics of India.
Onomasticon Turcicum
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Economic Development: Global & Regional Studies
The phenomenon of globalization can be described as a gradual increase in the process and dependency level that combines people, society and countries from different economic, social and political aspects of the world. Development, which is a multidimensional concept such as globalization, is a concept that includes human values as well as economic, social, cultural, demographic and political dimensions. With the globalization process, a turn to use knowledge as a factor of production has been passed, and investing in people who use knowledge in production has become important. Investment in human capital leads to the importance of development concept. The relationship of the development pro...
Sana rey veriyourm
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Muhafazakar Düşünce Dergisi Sayı 21-22
Modernliğin gözde kavramlarından medeniyet, Avrupalı sekülerleşme sürecinin sonunda dinin yerini alan makro bir sistem olarak doğdu ve kültürel etkileşim ve değişim yoluyla Batılı dünya tarafından Batı-dışı dünyaya hâkim norm olarak kabul ettirildi. Tüm Batı-dışı dünya gibi Türkiye’nin yaklaşık 150 yıllık bir geçmişe sahip olan bu kavramla hesaplaşması devam ediyor. Soğuk Savaş-sonrası dünyada yükselen kültürel kimliklerin aşınan ideolojik kimliklerin yerini almaya başlaması, Batı-dışı aydınların medeniyet ile hesaplaşması sürecine de yeni bir ivme kazandırdı. Tek başına, mutlak olarak kullanıldığında aslında Batı-renkli e...
