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Applications Of Financial Mathematics: An Analysis Of Consumer Financial Decision Making, Alyssa Betterton Jun 2023

Applications Of Financial Mathematics: An Analysis Of Consumer Financial Decision Making, Alyssa Betterton

Honors Theses

Students always ask, “How can this be applied to the real world?” Mortgages, car loans, and credit card bills are things that almost everyone will have to make decisions about at some point in their lives. This research discusses the many different financial choices that consumers have to make. Consumers can use this information to understand how interest rates, the length of the loan, and the initial amount being borrowed affects the amount that is paid back to the companies. The intent of this thesis is to present the mathematical theory of interest. A web-based application has been built based …


Using Game Theory To Model Tripolar Deterrence And Escalation Dynamics, Grace Farson Mar 2023

Using Game Theory To Model Tripolar Deterrence And Escalation Dynamics, Grace Farson

Honors Theses

The study investigated how game theory can been utilized to model multipolar escalation dynamics between Russia, China, and the United States. In addition, the study focused on analyzing various parameters that affected potential conflict outcomes to further new deterrence thought in a tripolar environment.

A preliminary game theoretic model was created to model and analyze escalation dynamics. The model was built upon framework presented by Zagare and Kilgour in their work ‘Perfect Deterrence’. The model is based on assumptions and rules set prior to game play. The model was then analyzed based upon these assumptions using a form of mathematical …