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published in the Mathematics Special Issue with the same title. All the published papers are of high quality and were subjected … to rigorous peer review. Mathematics is included in the Science Citation Index (Web of Science), and its current Impact …
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An example is used to show that efficient market expectations are not the same as expectations in a stochastic process. An implication is that efficient market expectations need not have stochastic properties like orthogonality and variance bounds. Failure to recognize this fact has led to bad...
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mathematics. The book also contains a collection of basic concepts and formulas of financial mathematics and of probability theory …Part I: Income Taxes, Lottery, and Lion Hunting—Elementary Mathematics -- 1. “We Take over Your VAT!” How Big Is the …, Prices, Yields—Classical Financial Mathematics -- 10. A Fair Deal? Or: There’s Nothing Like Starting Young -- 11. Should I …
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. functions with several variables -- 7. financial mathematics. …This elementary introduction was developed from lectures by the authors on business mathematics and the lecture … business and financial mathematics. Contents from the upper secondary school are repeated in a compact form. Numerous examples …
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An analogue can be made between: (a) the slow pace at which species adapt to an environment, which often results in the emergence of a new distinct species out of a once homogeneous genetic pool, and (b) the slow changes that take place over time within a fund, mutating its investment style. A...
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