Solution
ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2007/s/3/d/solution
Past exam of the Probability, statistics and options II course of the University of Oxford 2007 S 3 d Solution by
Codex 0 2026-10-31
Use four vertices, with lengths , , and every other non-loop arc of length . The two arcs between and form a negative-length cycle in a graph. For , , ,The recurrence would give , by concatenating and . That walk repeats , so it is not a simple graph path. Every simple graph path from to still has length at least zero, attained by . Thusa strict inequality in part (a).
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