Derivatives

Derivatives

Author: Espen Gaarder Haug

Publisher: John Wiley & Sons

Published: 2013-10-18

Total Pages: 400

ISBN-13: 1118836820

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Derivatives Models on Models takes a theoretical and practical look at some of the latest and most important ideas behind derivatives pricing models. In each chapter the author highlights the latest thinking and trends in the area. A wide range of topics are covered, including valuation methods on stocks paying discrete dividend, Asian options, American barrier options, Complex barrier options, reset options, and electricity derivatives. The book also discusses the latest ideas surrounding finance like the robustness of dynamic delta hedging, option hedging, negative probabilities and space-time finance. The accompanying CD-ROM with additional Excel sheets includes the mathematical models covered in the book. The book also includes interviews with some of the world’s top names in the industry, and an insight into the history behind some of the greatest discoveries in quantitative finance. Interviewees include: Clive Granger, Nobel Prize winner in Economics 2003, on Cointegration Nassim Taleb on Black Swans Stephen Ross on Arbitrage Pricing Theory Emanuel Derman the Wall Street Quant Edward Thorp on Gambling and Trading Peter Carr the Wall Street Wizard of Option Symmetry and Volatility Aaron Brown on Gambling, Poker and Trading David Bates on Crash and Jumps Andrei Khrennikov on Negative Probabilities Elie Ayache on Option Trading and Modeling Peter Jaeckel on Monte Carlo Simulation Alan Lewis on Stochastic Volatility and Jumps Paul Wilmott on Paul Wilmott Knut Aase on Catastrophes and Financial Economics Eduardo Schwartz the Yoga Master of Quantitative Finance Bruno Dupire on Local and Stochastic Volatility Models


The Death of Science

The Death of Science

Author: Andrew Holster

Publisher: Universal-Publishers

Published: 2016-07-26

Total Pages: 325

ISBN-13: 1627340769

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Modern science is in unprecedented crisis. It is a crisis at many levels, continuous with larger crises of modern society. It is a crisis for the vocation of the scientist working within the modern institutionalised structures of science. It is a crisis for our capacity to use science benevolently to help solve larger material, organisational, and ultimately political problems of the modern era. And it is a crisis for philosophy, for the role of natural science to help inform our world-view. The Death of Science is an account of deeper causes of this malaise. It starts by taking up the reins of López Corredoira's (2013) The Twilight of the Scientific Age, a recent critique that concludes with modern science on its death bed. It dissects key themes in detail, illustrated in the same frank style, drawing on personal examples. It starts with deep issues in the philosophy of science, recounting failed modern concepts of scientific progress, method and truth, going on to failures of peer review and gate-keeping as quality control systems, the domination of propaganda and marketing channels as the critical tools for professional success, and the major outcome for creative scientists themselves: the destruction of scientific creativity and exclusion of heterodox thinkers in this degraded environment. It connects the behavioural symptoms with a psycho-social analysis of the bureaucratic mode of organisation under which science, like all other modern vocations, is now subsumed. The account supports López Corredoira's appraisal, which sees a modern science industry driven by greed and ambition, repressing imagination and freedom, destructive of novelty and diversity of ideas, controlled by bureaucratic-academic power hierarchies. While science is irrevocably corrupted by its modern mass-institutionalisation, the true spirit of science can only be sustained by individuals with a real vocation as scientists, or natural philosophers, who seek understanding and meaning and wisdom, rather than technocratic specialisation and careers. But it is increasingly impossible for scientists to withstand forces of professional conformity, and maintain their personal sense of value. A number of current controversies in some core sciences are also discussed, and it is argued that the greatest revelations of real science are yet to come. While Establishment Science has locked itself into dogmatic paradigms, the failures of present theories show that we are really on the cusp of major revolutions, spanning sciences of physics and cosmology, information and intelligence, biology and evolution, and mind and consciousness. If these are realised, they will profoundly change our understanding of the nature of the world and ourselves. But any such revolutions challenge a Science Establishment locked into the self-interest of its power-brokers, and are unlikely to occur except through independent scientists working outside the institutional system. The book concludes with a brief discussion of the place of independent scientists.


High-Energy Astrophysics

High-Energy Astrophysics

Author: Jorge Ernesto Horvath

Publisher: Springer Nature

Published: 2022-02-01

Total Pages: 277

ISBN-13: 303092159X

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This textbook is designed to serve as a link between the basic disciplines of physics and the frontier topics within high energy astrophysics, aiming at a level of difficulty congruent with that of other physics topics studied at undergraduate level. Therefore, this preparatory and introductory text serves as a gateway to a more detailed study of many of the most interesting and complex phenomena being investigated by contemporary astrophysics. Among others, these include: the evolution of stars, supernovae, neutron stars, black holes, solar neutrinos, and - importantly - the exciting new field of gravitational wave astronomy. The book is supplemented by a collection of problems with which students can test their understanding of the material presented.


Handbook of Photosynthesis

Handbook of Photosynthesis

Author: Mohammad Pessarakli

Publisher: CRC Press

Published: 2018-09-03

Total Pages: 846

ISBN-13: 1315362538

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Since the publication of the previous editions of the Handbook of Photosynthesis, many new ideas on photosynthesis have emerged in the past decade that have drawn the attention of experts and researchers on the subject as well as interest from individuals in other disciplines. Updated to include 37 original chapters and making extensive revisions to the chapters that have been retained, 90% of the material in this edition is entirely new. With contributions from over 100 authors from around the globe, this book covers the most recent important research findings. It details all photosynthetic factors and processes under normal and stressful conditions, explores the relationship between photosynthesis and other plant physiological processes, and relates photosynthesis to plant production and crop yields. The third edition also presents an extensive new section on the molecular aspects of photosynthesis, focusing on photosystems, photosynthetic enzymes, and genes. New chapters on photosynthesis in lower and monocellular plants as well as in higher plants are included in this section. The book also addresses growing concerns about excessive levels and high accumulation rates of carbon dioxide due to industrialization. It considers plant species with the most efficient photosynthetic pathways that can help improve the balance of oxygen and carbon dioxide in the atmosphere. Completely overhauled from its bestselling predecessors, the Handbook of Photosynthesis, Third Edition provides a nearly entirely new source on the subject that is both comprehensive and timely. It continues to fill the need for an authoritative and exhaustive resource by assembling a global team of experts to provide thorough coverage of the subject while focusing on finding solutions to relevant contemporary issues related to the field.


Mr. Science and Chairman Mao's Cultural Revolution

Mr. Science and Chairman Mao's Cultural Revolution

Author: Chunjuan Nancy Wei

Publisher: Rowman & Littlefield

Published: 2013

Total Pages: 423

ISBN-13: 0739149741

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China is emerging as a new superpower in science and technology, reflected in the success of its spacecraft and high-velocity Maglev trains. While many seek to understand the rise of China as a technologically-based power, the Cultural Revolution of the 1960s may seem an unlikely era to explore for these insights. Despite the widespread verdict of the Great Proletarian Cultural Revolution as an unmitigated disaster for China, a number of recent scholars have called for re-examining Maoist science--both in China and in the West. At one time Western observers found much to admire in Chairman Mao's mass science, his egalitarian effort to take science out of the ivory tower and place it in the hands of the disenfranchised peasant, the loyal worker, and the patriot soldier. Chunjuan Nancy Wei and Darryl E. Brock have assembled a rich mix of talents and topics related to the fortunes and misfortunes of science, technology, and medicine in modern China, while tracing its roots to China's other great student revolution--the May Fourth Movement. Historians of science, political scientists, mathematicians, and others analyze how Maoist science served modern China in nationalism, socialism, and nation-building--and also where it failed the nation and the Chinese people. If the Cultural Revolution contributed to China's emerging space program and catalyzed modern malaria treatments based on Traditional Chinese Medicine, it also provided the origins of a science talent gap and the milieu from which a one-child policy would arise. Given the fundamental importance of China today, and of East Asia generally, it is imperative to have a better understanding of its most recent scientific history, but especially that history in a period of crisis and how that crisis was resolved. What is at issue here is not only the specific domain of the history of science, but the social and scientific policies of China generally as they developed and were applied prior to, during, and after the Cultural Revolution.


19th Natural Philosophy Alliance Proceedings

19th Natural Philosophy Alliance Proceedings

Author: Greg Volk

Publisher: Lulu.com

Published: 2012-07-14

Total Pages: 686

ISBN-13: 1105955095

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The Natural Philosophy Alliance (NPA) sponsors regular international conferences for presenting high-quality papers discussing aspects of philosophy in the sciences. Many papers offer challenges to accepted orthodoxy in the sciences, especially in physics. Everything from the micro-physics of quantum mechanics to the macro-physics of cosmology is entertained.Though the main interest of the NPA is in challenging orthodoxy in the sciences, it will also feature papers defending such orthodoxy. Our ultimate propose is to enable participants to articulate their own understanding of the truth. All papers are reviewed by society officers, and sometimes by other members, before presentation in conferences and they are edit, sometimes very significantly prior to publication in the Proceedings of the NPA.


Laws of Nature

Laws of Nature

Author: Peter Mittelstaedt

Publisher: Springer Science & Business Media

Published: 2005-11-04

Total Pages: 382

ISBN-13: 354028303X

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Thisbook isnotatextbook tobecomeacquainted with thelaws ofnature. An elementaryknowledgeaboutlawsofnature,inparticularthelawsofphysics,is presupposed. Thebookisratherintendedtoprovideaclari?cationofconcepts and properties of the laws of nature. The authors would like to emphasise that this book has been developed – created – as a real teamwork. Although the chapters (and in some cases parts of the chapters) were originally written by one of the two authors, all of them were discussed thoroughly and in detail and have been revised and complemented afterwards. Even if both authors were in agreement on most of the foundational issues discussed in the book, they did not feel it necessary to balance every viewpoint. Thus some individual and personal di?erence or emphasis will still be recognisable from the chapters written by the di?erent authors. In this sense the authors feel speci?cally responsible for the chapters as follows: Mittelstaedt for Chaps. 4, 9. 3, 10, 11. 2, 12, 13 and Weingartner for Chaps. 1, 2, 3, 5, 7, 8. 2, 9. 2, 9. 4. The remaining parts are joint sections. Most of the chapters are formulated as questions and they begin with arguments pro and contra. Then a detailed answer is proposed which contains a systematic discussion of the question. This is the respective main part of the chapter. It sometimes begins with a survey of the problem by giving some important answers to it from history (cf. Chaps. 6 and 9).


Grassroots Social Action

Grassroots Social Action

Author: Charles Vert Willie

Publisher: Rowman & Littlefield

Published: 2008

Total Pages: 236

ISBN-13: 9780742560499

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Willie and his colleagues analyze social action from the bottom up. The focus is on how people outside the traditional circuits of authority exercise power and how their actions relate to bureaucratic social action from the top down. All told, the contributors offer a critical and empowering assessment of how change occurs in communities.