So far, you learned about discrete random variables and how to calculate or visualize their distribution functions. In this lesson, you'll learn about continuous variables and probability density ...

We examine two different methods of deriving the market's risk neutral implied probability density function. We examine the butterfly structure method and the more industry standard ...

Abstract: This paper addresses the problem of calculating the multidimensional probability density functions (PDFs) of statistics derived from known many-to-one transformations of independent random ...

This is a preview. Log in through your library . Publisher Information The purpose of the Institute of Mathematical Statistics (IMS) is to foster the development and dissemination of the theory and ...

This is a preview. Log in through your library . Abstract The notion of probability density for a random function is not as straight-forward as in finite-dimensional cases. While a probability density ...

College of Engineering and Technology, University of Science and Technology of Fujairah, Fujairah, United Arab Emirates This work aims to evaluate different error ...

ABSTRACT: We give a new way to price American options by using Samuelson’s formula. We first obtain the option price corresponding to a European option at time t, weighing it by the probability that ...