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In algebraic geometry, convexity is a restrictive technical condition for algebraic varieties originally introduced to analyze Kontsevich moduli spaces ¯, (,) in quantum cohomology. [ 1 ] : §1 [ 2 ] [ 3 ] These moduli spaces are smooth orbifolds whenever the target space is convex.
In finance, bond convexity is a measure of the non-linear relationship of bond prices to changes in interest rates, and is defined as the second derivative of the price of the bond with respect to interest rates (duration is the first derivative). In general, the higher the duration, the more sensitive the bond price is to the change in ...
By issuing numerous callable bonds, they have a natural hedge, as they can then call their own issues and refinance at a lower rate. The price behaviour of a callable bond is the opposite of that of puttable bond. Since call option and put option are not mutually exclusive, a bond may have both options embedded. [3]
Callable bonds are a type of bond that the issuer can “call” or redeem before the maturity date. The specifics vary from bond to bond, but callable bonds always have one thing in common ...
In mathematics, the modulus of convexity and the characteristic of convexity are measures of "how convex" the unit ball in a Banach space is. In some sense, the modulus of convexity has the same relationship to the ε-δ definition of uniform convexity as the modulus of continuity does to the ε-δ definition of continuity.
Convex geometry is a relatively young mathematical discipline. Although the first known contributions to convex geometry date back to antiquity and can be traced in the works of Euclid and Archimedes, it became an independent branch of mathematics at the turn of the 20th century, mainly due to the works of Hermann Brunn and Hermann Minkowski in dimensions two and three.
The elements of 𝒞 are called convex sets and the pair (X, 𝒞) is called a convexity space. For the ordinary convexity, the first two axioms hold, and the third one is trivial. For an alternative definition of abstract convexity, more suited to discrete geometry, see the convex geometries associated with antimatroids.
Algebraic geometry occupied a central place in the mathematics of the last century. The deepest results of Abel, Riemann, Weierstrass, many of the most important papers of Klein and Poincare belong to this domain. At the end of the last and the beginning of the present century the attitude towards algebraic geometry changed abruptly. ...