Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic ...

Abstract: In the past decade, influence maximization becomes one of the fundamental problems in online social networks. It has popular applications such as viral marketing and rumor blocking. This ...

Abstract: This article presents a problem on model uncertainties in stochastic control, in which an agent assumes a best case scenario on one risk and at the same time a worst case scenario on another ...

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 ...