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The name stems from the graphical representation of the identity on Pascal's triangle: when the addends represented in the summation and the sum itself are highlighted, the shape revealed is vaguely reminiscent of those objects (see hockey stick, Christmas stocking).
In mathematics, Pascal's triangle is an infinite triangular array of the binomial coefficients which play a crucial role in probability theory, combinatorics, and algebra.In much of the Western world, it is named after the French mathematician Blaise Pascal, although other mathematicians studied it centuries before him in Persia, [1] India, [2] China, Germany, and Italy.
A short call is the sale of a call option. With a short call, the trader promises to sell the stock at a specific price by a specific date to the buyer of that call. For this right, the call ...
That is, the value of an option is due to the convexity of the ultimate payout: one has the option to buy an asset or not (in a call; for a put it is an option to sell), and the ultimate payout function (a hockey stick shape) is convex – "optionality" corresponds to convexity in the payout.
Typical hockey sticks, regular and goaltender, measurements in cm. Bryan Rust (far right) uses his stick to shoot the puck towards the goal, and goaltender Braden Holtby holds a wider goaltender stick with his right hand that he can use to save Rust’s incoming shot. An ice hockey stick is a piece of equipment used in ice hockey to shoot, pass ...
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In today's puzzle, there are six theme words to find (including the spangram). Hint: The first one can be found in the top-half of the board. Here are the first two letters for each word:
Underwater hockey stick, used to propel the puck in underwater hockey; Saab hockey stick, styling cue on Saab cars; Hockey stick graph (global temperature) is a presentation of the global or hemispherical mean temperature record of the past 1000 years; a hockey stick diagram is a diagram that shows the payoff of a call option or a put option ...