The Bjerksund-Stensland model is a key method for pricing American options. It helps investors determine optimal times for exercising options with dividends considered.

Right now, molecules in the air are moving around you in chaotic and unpredictable ways. To make sense of such systems, physicists use a law known as the Boltzmann distribution, which, rather than ...

For a century, the Schrödinger equation has been the bedrock of quantum mechanics, successfully predicting how matter behaves as a wave. Yet, physics has lacked a fundamental explanation for why ...

A new product that impresses highly thanks to its complete ease of use, comfort, practicality and build quality is ...

Abstract: Time-varying polar decomposition becomes important and has many applications in potential fields. This paper first proposes a continuous-time model and a discrete-time algorithm of zeroing ...