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Reconsidering Behaviour in Finance
Reconsidering Behaviour in Finance

Financial Accounting and Accounting Standards
Financial Accounting and Accounting Standards

C++ Programming: Program Design Including Data Structures, Fifth
C++ Programming: Program Design Including Data Structures, Fifth

... • Visit order: left subtree, right subtree, node • Must track for the node whether the left and right subtrees have been visited – Solution: Save a pointer to the node, and also save an integer value of 1 before moving to the left subtree and value of 2 before moving to the right subtree – When the ...
Accelerating Protein Classification Using Suffix Trees
Accelerating Protein Classification Using Suffix Trees

... their index field updated so that they point in the same suffix (i.e. the one that is inserted). This technique allows each node to represent a substring from a suffix in the multi-sequence, which starts at index index(node) and ends right before the index index(child(node)). The same technique ensu ...
Chapter 4
Chapter 4

... How to Build an Investment Portfolio The Determinants of Portfolio Choice Determinants of portfolio choice (asset demand) are: 1. The saver’s wealth 2. The expected rates of return from different investments ...
pptx - Electrical and Computer Engineering
pptx - Electrical and Computer Engineering

Chapter 7 - CSUN.edu
Chapter 7 - CSUN.edu

... The longer the maturity of a bond, the more of an effect a change in interest rates will have on it. The reason for this is that the price change is compounded into the bond price for more periods. Therefore, you can rule out statements b and e. A bond that pays coupons will be less affected by inte ...
Rising Yields and a Rising Stock Market
Rising Yields and a Rising Stock Market

B-Trees
B-Trees

CSE 143, Winter 2010 Final Exam Thursday, March 18, 2010
CSE 143, Winter 2010 Final Exam Thursday, March 18, 2010

... start and end integers as parameters and returns true if a path can be found in the tree from start down to end. In other words, both start and end must be found in the tree, and end must be in one of start's subtrees; otherwise the method returns false. The result is trivially true if start and end ...
Priority Queues, Heaps, UpTrees
Priority Queues, Heaps, UpTrees

... Use balanced merging strategy to prevent the growth in the tree’s height  ensures height is at worst logarithmic in size However, since any number of nodes can have the same parent, we can restructure our uptree to make it bushier… ...
Savings Accounts
Savings Accounts

Asset allocation in a low-yield and volatile environment
Asset allocation in a low-yield and volatile environment

... bond and stock returns going forward, how do they compare with historical returns, and what are the potential implications for strategic asset allocation? Using the Vanguard Capital Markets Model®, we simulated distributions of future stock and bond returns (both nominal and inflation-adjusted, or r ...
B Trees
B Trees

... are stored in non-decreasing order. Each key has an associated child that is the root of a subtree containing all nodes with keys less than or equal to the key but greater than the preceding key. A node also has an additional rightmost child that is the root for a subtree containing all keys greater ...
ppt part 1 - CS
ppt part 1 - CS

... • Case 1 is trivial; Case 2 is easy. • Case 3: If x doesn’t have a right child, then its successor is x’s first ancestor such that its left child is also an ancestor of x. (This includes the case that there is no such ancestor, and then x is the maximum and the successor is null.) • Proof: To prove ...
Fundamental Data Structures
Fundamental Data Structures

...  Forests: a graph that has no cycles but is not necessarily connected.  Properties of trees  |E| = |V| - 1  For every two vertices in a tree there always exists exactly one simple path from one of these vertices to the other. Why?  Rooted trees:The above property makes it possible to select an ...
Emerging Market Volatility - Columbia Threadneedle ETF
Emerging Market Volatility - Columbia Threadneedle ETF

... low, wealth managers often respond that volatility is too high. This view is based on the performance of the conventional broad EM benchmarks that form the basis of many EM equity strategies. Ninety percent of U.S.-listed broad global EM equity exchangetraded fund (ETF) assets track either the MSCI ...
Municipal Bond Fund Report
Municipal Bond Fund Report

... The Bloomberg Barclays Municipal Bond Index is an unmanaged index composed of long-term tax-exempt bonds with a minimum credit rating of Baa. You cannot invest directly in an index. The Lipper averages are compiled by Lipper, Inc., an independent mutual fund research and rating service. Each Lipper ...
10 - Finance
10 - Finance

... years in this example, so the forecast horizon is three years. Growth in free cash flows is not constant during the forecast,so we can’t use the constant growth formula to find the value of operations at time 0. ...
5.2 Compound Interest (Solutions are at the end)
5.2 Compound Interest (Solutions are at the end)

Ternary Tree Optimalization for n-gram Indexing - CEUR
Ternary Tree Optimalization for n-gram Indexing - CEUR

Financial Reporting for Derivatives and Risk Management Activities
Financial Reporting for Derivatives and Risk Management Activities

The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies ∗
The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies ∗

Queues 2
Queues 2

...  How many children does the root have? k  What kind of binomial trees make up the children?  There are children of height 0, 1, 2, …. k-1 ...
Diversifiable
Diversifiable

... years from now for a one-time premium today of $783.53 (interest rate=5%). The insurance company can match its assets to this liabilities by buying a five-year government zero-coupon bond for less than $783.53. However, if the insurance company invests the premium in a portfolio of stocks, there wil ...
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Lattice model (finance)



For other meanings, see lattice model (disambiguation)In finance, a lattice model [1] is a technique applied to the valuation of derivatives, where, because of path dependence in the payoff, 1) a discretized model is required and 2) Monte Carlo methods fail to account for optimal decisions to terminate the derivative by early exercise. For equity options, a typical example would be pricing an American option, where a decision as to option exercise is required at ""all"" times (any time) before and including maturity. A continuous model, on the other hand, such as Black Scholes, would only allow for the valuation of European options, where exercise is on the option's maturity date. For interest rate derivatives lattices are additionally useful in that they address many of the issues encountered with continuous models, such as pull to par.
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