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Full-Text Articles in Physical Sciences and Mathematics
Keeping Your Options Open: An Introduction To Pricing Options, Ryan F. Snyder
Keeping Your Options Open: An Introduction To Pricing Options, Ryan F. Snyder
Senior Independent Study Theses
An option is a contract which gives the holder of the option the right, but not the obligation, to buy or sell a given security at a given price, which is called the strike price. For example, suppose Yahoo stock is currently trading at $10 per share. A person could buy an option that gives him or her the ability to purchase shares of Yahoo stock for $12 in one year. If the price of Yahoo stock is greater than $12 in one year, the holder of the option will make money. However, he or she will not use the …
A Bayesian Model Of Fertility Decisions In Relationship To Female Labor Force Participation, Rebecca C. Wardrop
A Bayesian Model Of Fertility Decisions In Relationship To Female Labor Force Participation, Rebecca C. Wardrop
Senior Independent Study Theses
Due to the increasing number of women in the labor force, opportunity costs associated with labor force participation are becoming an important factor in fertility decisions. Further, these decisions are assumed to be dynamic as the opportunity costs change as a woman progresses through her career. A Bayesian statistical model , which allows the distribution of the likelihood of having children to be updated as information is gathered, lends itself to the dynamicity of the decision-making process. A generalized model for fertility decisions in terms of labor force participation is created. I also discuss potentials for implementation and furthering the …
Generalist And Specialist Pollination Syndromes: When Are They Favoured? A Theoretical Approach To Predict The Conditions Under Which A Generalist Or Specialist Pollination Syndrome Is Favoured., Tyler L. Poppenwimer
Generalist And Specialist Pollination Syndromes: When Are They Favoured? A Theoretical Approach To Predict The Conditions Under Which A Generalist Or Specialist Pollination Syndrome Is Favoured., Tyler L. Poppenwimer
Senior Independent Study Theses
No abstract provided.
Markov Chain Theory With Applications To Baseball, Cal D. Thomay
Markov Chain Theory With Applications To Baseball, Cal D. Thomay
Senior Independent Study Theses
The applications of Markov chains span a wide range of fields to which models have been designed and implemented to simulate random processes. Markov chains are stochastic processes that are characterized by their memoryless property, where the probability of the process being in the next state of the system depends only on the current state and not on any of the previous states. This property is known as the Markov property. This thesis paper will first introduce the theory of Markov chains, along with explaining two types of Markov chains that will be beneficial in creating a model for analyzing …
The Analytic Hierarchy Process: A Mathematical Model For Decision Making Problems, Giang Huong Nguyen
The Analytic Hierarchy Process: A Mathematical Model For Decision Making Problems, Giang Huong Nguyen
Senior Independent Study Theses
The ability to make the right decision is an asset in many areas and lines of profession including social work, business, national economics, and international security. However, decision makers often have difficulty choosing the best option since they might not have a full understanding of their preferences, or lack a systematic approach to solve the decision making problems at hand. The Analytic Hierarchy Process (AHP) provides a mathematical model that helps the decision makers arrive at the most logical choice, based on their preferences. We investigate the theory of positive, reciprocal matrices, which provides the theoretical justification of the method …