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Kubota Corporation (株式会社クボタ, Kabushiki-kaisha Kubota) is a Japanese multinational corporation based in Osaka.It was established in 1890. The corporation produces many products including tractors and other agricultural machinery, construction equipment, engines, vending machines, pipe, valves, cast metal, pumps, and equipment for water purification, sewage treatment and air ...
In finance, the binomial options pricing model (BOPM) provides a generalizable numerical method for the valuation of options.Essentially, the model uses a "discrete-time" (lattice based) model of the varying price over time of the underlying financial instrument, addressing cases where the closed-form Black–Scholes formula is wanting, which in general does not exist for the BOPM [1].
where (,) is the price of the option as a function of stock price S and time t, r is the risk-free interest rate, and is the volatility of the stock. The key financial insight behind the equation is that, under the model assumption of a frictionless market , one can perfectly hedge the option by buying and selling the underlying asset in just ...
[12] [13] [14] Robert C. Merton was the first to publish a paper expanding the mathematical understanding of the options pricing model, and coined the term "Black–Scholes options pricing model". The formula led to a boom in options trading and provided mathematical legitimacy to the activities of the Chicago Board Options Exchange and other ...
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Tomio Kubota (久保田 富雄, Kubota Tomio) (6 December 1930 – 30 June 2020) was a Japanese mathematician working in number theory. His contributions include works on p-adic L functions and real-analytic automorphic forms. [3] His work on p-adic L-functions, later recognised as an aspect of Iwasawa theory, was done jointly with Leopoldt. [4 ...
Shigeko Kubota (久保田 成子, Kubota Shigeko) (August 2, 1937 – July 23, 2015) was a Japanese video artist, sculptor and avant-garde performance artist, who mostly lived in New York City. [ 1 ] [ 2 ] She was one of the first artists to adopt the portable video camera Sony Portapak in 1970, [ 3 ] likening it to a "new paintbrush."