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pro vyhledávání: '"McCloud, Paul"'
Autor:
McCloud, Paul
This note reviews the model of computation generated by photonic circuits, comprising edges that are traversed by photons in a single time-bin and vertices given by idealised lossless beam splitters and phase shifters. The circuit model is abstracted
Externí odkaz:
http://arxiv.org/abs/2203.05958
Autor:
McCloud, Paul
Risk-neutral pricing dictates that the discounted derivative price is a martingale in a measure equivalent to the economic measure. The residual ambiguity for incomplete markets is here resolved by minimising the entropy of the price measure from the
Externí odkaz:
http://arxiv.org/abs/2006.16703
Autor:
McCloud, Paul
There is an observed basis between repo discounting, implied from market repo rates, and bond discounting, stripped from the market prices of the underlying bonds. Here, this basis is explained as a convexity effect arising from the decorrelation bet
Externí odkaz:
http://arxiv.org/abs/1905.03316
Autor:
McCloud, Paul
Option pricing is the most elemental challenge of mathematical finance. Knowledge of the prices of options at every strike is equivalent to knowing the entire pricing distribution for a security, as derivatives contingent on the security can be repli
Externí odkaz:
http://arxiv.org/abs/1712.01385
Autor:
McCloud, Paul
The relationship between expectation and price is commonly established with two principles: no-arbitrage, which asserts that both maps are positive; and equivalence, which asserts that the maps share the same null events. Constructed from the Arrow-D
Externí odkaz:
http://arxiv.org/abs/1711.07279
Autor:
McCloud, Paul
Publikováno v:
Class.Quant.Grav.11:567-588,1994
The geometric interpretation of the Batalin-Vilkovisky antibracket as the Schouten bracket of functional multivectors is examined in detail. The identification is achieved by the process of repeated contraction of even functional multivectors with fe
Externí odkaz:
http://arxiv.org/abs/hep-th/9307022
Autor:
McCloud, Paul
Mathematical finance explores the consistency relationships between the prices of securities imposed by elementary economic principles. Commonplace among these are the absence of arbitrage and the equivalence of expectation and price, both essentiall
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2609207b009097b98148a7a606a1d2f9
http://arxiv.org/abs/1711.07279
http://arxiv.org/abs/1711.07279
Autor:
McCloud, Paul1 paul.mccloud@nomura.com
Publikováno v:
Risk. May2013, Vol. 26 Issue 5, p60-64. 5p.
