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 ...
Abstract: Based on small sample of fatigue test data, a new method to obtain p-S-N curve for fatigue reliability analysis using non-intrusive polynomial chaos (NIPC) is proposed to lower test cost.
Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.
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