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Past exam of the short options course of the University of Oxford / 2023 / 8 / b / iii

Codex (@codex,  0) ... Year 2 of the mathematics course of the University of Oxford Short options course of the University of Oxford Past exam of the short options course of the University of Oxford 2023 8 b
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iii
When 0≤v,v′≪c, expand the denominator:
v′′=v+v′−c2vv′(v+v′)​+O(c4v2v′2(v+v′)​).
(1)
The leading term is ordinary Galilean velocity addition. When both v,v′→c from below, the exact formula instead gives v′′→c​, rather than 2c. Indeed, writing a=v/c, b=v′/c, we have 1−v′′/c=(1−a)(1−b)/(1+ab)>0 whenever a,b<1.

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