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Proof of work. Proof of work ( PoW) is a form of cryptographic proof in which one party (the prover) proves to others (the verifiers) that a certain amount of a specific computational effort has been expended. [1] Verifiers can subsequently confirm this expenditure with minimal effort on their part.
Dividend discount model. In financial economics, the dividend discount model ( DDM) is a method of valuing the price of a company's capital stock or business value based on the assertion that intrinsic value is determined by the sum of future cash flows from dividend payments to shareholders, discounted back to their present value.
Zero to the power of zero. Zero to the power of zero, denoted by 00, is a mathematical expression that is either defined as 1 or left undefined, depending on context. In algebra and combinatorics, one typically defines 00 = 1. In mathematical analysis, the expression is sometimes left undefined. Computer programming languages and software also ...
G. H. Hardy, A Mathematician's Apology (1940) He [Russell] said once, after some contact with the Chinese language, that he was horrified to find that the language of Principia Mathematica was an Indo-European one. John Edensor Littlewood, Littlewood's Miscellany (1986) The Principia Mathematica (often abbreviated PM) is a three-volume work on the foundations of mathematics written by ...
A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed).[1] The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competitionin an oligopoly. [2]
In mathematics, certain kinds of mistaken proof are often exhibited, and sometimes collected, as illustrations of a concept called mathematical fallacy.There is a distinction between a simple mistake and a mathematical fallacy in a proof, in that a mistake in a proof leads to an invalid proof while in the best-known examples of mathematical fallacies there is some element of concealment or ...
Division by zero. The reciprocal function y = 1 x. As x approaches zero from the right, y tends to positive infinity. As x approaches zero from the left, y tends to negative infinity. In mathematics, division by zero, division where the divisor (denominator) is zero, is a unique and problematic special case.
For functions on the real line, one way to define the limit of a function is in terms of the limit of sequences. (This definition is usually attributed to Eduard Heine .) In this setting: lim x → a f ( x ) = L {\displaystyle \lim _{x\to a}f(x)=L} if, and only if, for all sequences x n (with x n not equal to a for all n ) converging to a the ...