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Merton's portfolio problem. Merton's portfolio problem is a problem in continuous-time finance and in particular intertemporal portfolio choice. An investor must choose how much to consume and must allocate their wealth between stocks and a risk-free asset so as to maximize expected utility.
The Black–Scholes / ˌblæk ˈʃoʊlz / [1] or Black–Scholes–Merton model is a mathematical model for the dynamics of a financial market containing derivative investment instruments. From the parabolic partial differential equation in the model, known as the Black–Scholes equation, one can deduce the Black–Scholes formula, which gives ...
Partial fraction decomposition. In algebra, the partial fraction decomposition or partial fraction expansion of a rational fraction (that is, a fraction such that the numerator and the denominator are both polynomials) is an operation that consists of expressing the fraction as a sum of a polynomial (possibly zero) and one or several fractions ...
The standard model is a quantum field theory, meaning its fundamental objects are quantum fields, which are defined at all points in spacetime. QFT treats particles as excited states (also called quanta) of their underlying quantum fields, which are more fundamental than the particles. These fields are.
A modern scientific calculator with an LCD. An electronic calculator is typically a portable electronic device used to perform calculations, ranging from basic arithmetic to complex mathematics. The first solid-state electronic calculator was created in the early 1960s. Pocket-sized devices became available in the 1970s, especially after the ...
A simple fraction (also known as a common fraction or vulgar fraction, where vulgar is Latin for "common") is a rational number written as a / b or , where a and b are both integers. [9] As with other fractions, the denominator (b) cannot be zero. Examples include 1 2 , − 8 5 , −8 5 , and 8 −5 .
A scientific calculator with more than 240 built-in functions, with 2 lines × 10 digits LCD. The finance-centric programmable calculator from the Voyager series introduced in the 1980s. The longest running product in the HP calculator line, it remains in production. Various models exist, the latest in 2008.
The model featured a 5×6-dot LCD matrix cells on the top line of the screen and a 7-segment LCD on the bottom line of the screen that had been used in Casio fx-4500P programmable calculators. [1] The S-V.P.A.M. system was also used in the other W series models and also the MS series of calculators that followed.
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