Heston’s Stochastic Volatility Model Implementation‚ Calibration and Some Extensions Sergei Mikhailov‚ Ulrich Nögel Fraunhofer Institute for Industrial Mathematics‚ Kaiserslautern‚ Germany‚ Mikhailov@itwm.fhg.de; Noegel@itwm.fhg.de 1 Introduction The paper discusses theoretical properties‚ shows the performance and presents some extensions of Heston’s (1993) stochastic volatility model. The model proposed by Heston extends the Black and Scholes (1993) model and includes it as a special case
Premium
THERAPY PROPOSAL 1 Group Therapy Proposal: Helping Parolees Succeed Pamela Gillman Ivy Tech Community College GROUP THERAPY PROPOSAL 2 Group Therapy Proposal: Helping Parolees Succeed Rationale When an individual is released from prison and placed on parole‚ the goal is to ensure
Premium Parole
European Journal of Operational Research 154 (2004) 345–362 www.elsevier.com/locate/dsw Returns to scale in different DEA models Rajiv D. Banker a‚ William W. Cooper b‚ Lawrence M. Seiford c‚ Robert M. Thrall d‚ Joe Zhu e‚* c School of Management‚ The University of Texas at Dallas‚ Richardson‚ TX 75083-0658‚ USA Graduate School of Business‚ The University of Texas at Austin‚ Austin‚ TX 78712-1174‚ USA Department of Industrial and Operations Engineering‚ University of Michigan‚ Ann Arbor‚ MI
Premium Output Input Trigraph
CAPM vs. APT Asset Pricing Model are very useful tools that enable financial annalists or just simply independent investors evaluate the risk in an specific investment and at the same time set a specific rate of return with respect the amount of risk of an individual investment or a portfolio. The CAPM method while simpler than the ATP method takes into consideration the factor of time and does not get too wrapped up over the Systematic risk factors that sometimes we can not control. In this paper
Premium Investment
Part One: The friction model is the idea that there are various sources that work together to keep policies in place so that the status quo prevails for extended periods of time. There are many different players within the friction model that try to help protect the status quo‚ but other ideas that try to go against the model and change it. The friction model has a head start as it is much easier to protect the status quo than to change it. A major problem policy changer’s face is lack of attention
Premium Policy
choosing side by side in ethical dilemma‚ and what will we choose the side opposite with normal people’s choice? The particular dilemma‚ I need to thoughtful to choose the proper way‚ this is choice side by side. In “Lifeboat Ethics: the Case Against Helping the Poor”‚ I think this is the thesis‚ “Metaphorically each rich nation can be seen as a lifeboat full of
Premium Morality Ethics Philosophy
Models of Leadership Leadership has been present since the beginning of time. Whether in the home‚ social groups or in the workplace leadership plays a key role in our daily lives. But before a clear discussion of leadership can effectively be done‚ a reasonable understanding of leadership must be presented. William Cohen (1990) defines leadership as "the art of influencing others to their maximum performance to accomplish any task‚ objective‚ or project” (Weiskittel‚ 1999). This comparison
Premium Leadership
ADKAR model Lewin’s change model Kotter’s change model - ADKAR stands for Awareness‚ Desire‚ Knowledge‚ Ability and Reinforcement. Each word represents a step in the change process and must be done in order so that the desired change is achieved. - This model focuses on principles of change that are effective on an individual. Its focus is on how to change people. Steps - Awareness: To begin change‚ an individual must know what needs to change and why. What the risks for not changing are‚ benefit
Premium Management Kurt Lewin Leadership
learning new skills or putting your existing skills to good use. Also‚ it can improve your studying prospects by learning new things through your daily experience. Not only your studying prospects‚ but also employment prospects can be enhanced by helping you gain work experience‚ if you are unemployed or thinking of a career change. Volunteering can provide you with something interesting‚ useful and fun to do in your spare time. It is a great way to meet new people‚ make new friends and give something
Premium Apple
my opinion‚ crime is the absolute worst problem with this world. All the violence that occurs only seems to get worse. Also‚ at times I start thinking that crime is taking over some parts of the world. The two most common models are the consensus model and conflict model. They are the criminal and civil justice‚ we use for American laws. The
Premium Crime Sociology Criminology