A reciprocal vector must have integral multiples of as its dot products with lattice translations. The translations along the conventional axes require , and the body-centering translation requires to be even. Thus
This is a face-centered tetragonal lattice, with conventional dimensions . The primitive unit cell volumes are in direct space and in reciprocal space. Their conventional cell volumes are and , containing two and four lattice points respectively.
The listed plane is , whose normal reciprocal vector is . It is an allowed primitive vector in that direction; half of it has nonintegral indices. The plane spacing is when . Bragg's law gives , so
These are approximately . Here is the glancing Bragg angle; the angle between incident and scattered beams is .
Represent spin by in the basis . The Pauli matrices are Hermitian and satisfy , giving the general angular momentum commutation relations . The particular representation has and eigenvalues , the features specific to spin one-half.
In the stated order of two-particle basis vectors, the operator is
Its eigenvalue-one vectors are , and , all symmetric under interchange. The eigenvalue-minus-three vector is , antisymmetric under interchange. These are the triplet state and singlet state, respectively.
Identical spin-half particles are fermions. With no other degrees of freedom to carry antisymmetry, only the singlet is allowed. Indeed, for total angular momentum ,
This gives on the triplet and zero on the singlet, corresponding to total spin one and zero, as required by addition of angular momentum.
Differentiate the two linear equations in opposite orders. Their compatibility for a fundamental matrix of solutions requires , hence the zero-curvature representation
For the displayed matrices, direct multiplication makes all off-diagonal entries zero and leaves the diagonal entries , and zero. Thus the nonlinear compatibility equation is the Tzitzeica equation
Under , , the two derivative factors cancel, so the equation is unchanged. The positive- component is generated by ; negative adds a disconnected simultaneous reflection. Locally away from the axes, invariance makes with . Since , the reduced equation is
This scaling-invariant reduction of the Tzitzeica equation describes local group-invariant solutions on each orbit sector; smooth extension across the axes imposes corresponding compatibility at .
Completing the square gives
Since is positive-definite, the unique minimizer is and the minimum is .
The Bellman equation is and
Suppose , where . Zero noise mean gives the expected quadratic . Complete the square again, with and . This yields the discrete Riccati recurrence
The matrices are positive definite. The minimum of the nonnegative stage-plus-future quadratic is nonnegative, so each is symmetric positive semidefinite. Starting from , the constants obey
Induction proves , with optimal feedback control .
An arbitrage is a self-financing strategy with zero initial value and terminal value nonnegative almost surely and strictly positive with positive probability. If an equivalent martingale measure exists, a self-financing portfolio in the stated constant-numeraire setting is a -martingale. Its terminal expectation therefore equals zero. Equivalence preserves the positive-probability event of positive profit, which would make that expectation strictly positive. This contradiction proves no arbitrage in this finite-time finite-state setting.
For the numerical tree use the bank account growing by and discount stock prices accordingly. The risk-neutral up probabilities solve , giving
Thus the four path probabilities are , respectively.
The American put option has terminal payoffs . At the upper time-one node, both immediate exercise and continuation are zero. At the lower node, exercise gives three while discounted continuation gives . Hence the option values at time one are , and backward induction gives
The lower node should indeed be exercised immediately, since .
The seller's initial replicating hedge holds share and four units in the bank account, costing . At the bad node it is worth , enough for immediate exercise. If the buyer fails to exercise, the remaining European liability costs only : hold share and in the bank account, whose final payoffs are zero at stock price16 and five at stock price10. Switching to that hedge frees
as certain profit at time one, worth if banked until time two.
An exponential family has density on a parameter-independent support. For an independent and identically distributed sample, its likelihood factorizes through , so the Fisher-Neyman factorization theorem gives a sufficient statistic whose dimension is the fixed dimension of , independent of sample size.
Expanding the normal log-density gives , , and
The mean-value parameter is , hence
For and positive sample variance, and , so . For this normal natural-mean parameter ratio estimator, the central limit theorem gives asymptotic independent errors for and , with variances and . Applying the delta method to yields
If is known, is fixed and has exact distribution . The variance-estimation contribution disappears.

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