In this talk, we will see how to use variational inequalities to solve a particular optimal stopping problem under certain conditions on the underlying diffusion processes.
I will discuss some algorithms for simulating a flip of an unbiased coin by flipping a coin of unknown bias. We will discuss efficiency of several algorithms, where the expected number of flips is our measure of efficiency.
Ethiopia, as one of the developing nation, is in the process of implementing a number of ICT projects to make the Government electronically enabled. Dr.
Change of measure techniques are ubiquitous in many areas of applied probability including in model selection in finance and in efficient simulation of rare events.
As is well known, options and other financial derivatives acquire their value from the underlying assets such as stocks and bonds and are traded extensively in the financial markets.
To describe searching in its simplest abstract setting, suppose we have some accumulated data (called the 'file') and some new data item (called the 'sample'). Then, searching consists of relating the sample to the file.
Data security challenges faced in the modern world demand functionality from encryption systems that traditional public key cryptography falls far short in delivering.
