Profit at Risk (PaR) is a financial metric used to assess the potential risk to a company's profits from various adverse market conditions or operational factors. It is similar in concept to Value at Risk (VaR), which focuses on the potential loss in the value of an investment or portfolio over a specified time period, but PaR specifically targets the impact on profits rather than on asset values.
Optimal stopping is a decision-making problem in probability theory and statistics, where one must decide the best time to take a particular action in order to maximize an expected reward or minimize a cost. The key challenge in optimal stopping is that the decision-maker often does not know the future values of the processes involved, making it necessary to make choices based on partial information.
No-arbitrage bounds are a fundamental concept in financial economics and derivatives pricing that indicate ranges within which the prices of financial instruments should logically fall to prevent arbitrage opportunities. Arbitrage refers to the practice of taking advantage of price differences in different markets to earn a risk-free profit. No-arbitrage bounds establish conditions under which an asset's price must lie to ensure that no opportunities exist for arbitrage.
Otto Stolz is a notable figure primarily recognized for his contributions to mathematics, particularly in the fields of number theory and algebra. He was an Austrian mathematician who lived from 1885 to 1946. Stolz is best known for the Stolz–Cesàro theorem, which provides conditions under which sequences converge. This theorem is a crucial result in the study of sequences and series in mathematical analysis.
Otto Toeplitz (1881–1940) was a prominent German mathematician known for his significant contributions to various fields in mathematics, particularly in functional analysis, operator theory, and the theory of matrices. He is best known for formulating what is now referred to as the Toeplitz matrix and Toeplitz operators, which are integral in various areas of mathematics, including signal processing and systems theory.
Paul Matthieu Hermann Laurent does not appear to correspond to a widely recognized public figure, place, or concept as of my last knowledge update in October 2023. It's possible that he could be a private individual, a lesser-known figure, or a character from a specific context that isn't broadly documented.
Pia Nalli does not appear to be a widely recognized name or term in popular culture, literature, or notable figures as of my last update in October 2023. It's possible that Pia Nalli could refer to a specific individual, a lesser-known entity, or perhaps a character in a work of fiction that has gained recognition after that date.
René Maurice Fréchet (1879–1973) was a French mathematician best known for his contributions to various fields of mathematics, particularly in topology and functional analysis. He is renowned for his work on the concept of a metric space, the introduction of the Fréchet space (a type of topological vector space), and for developing the Fréchet derivative, which extends the concept of differentiation to more general settings beyond traditional calculus.
Robert Fortet is not widely known in popular culture or history, and as of my last knowledge update in October 2021, there isn't significant information available about an individual by that name. It's possible that he could be a private individual or someone emerging in a specific field or context after my last update.
Roger Jones is an American mathematician known for his contributions to various areas of mathematics, particularly in topology, graph theory, and mathematical education. He has worked on topics such as the properties of knot theory, as well as providing insights into combinatorial aspects of mathematics. Jones is also known for his work in mathematical pedagogy, advocating for effective teaching methods and the importance of fostering a deep understanding of mathematical concepts among students.
Rudolf Lipschitz refers to a mathematician primarily known for his work in analysis, particularly the theory of functions. The term "Lipschitz" is often associated with the Lipschitz condition, a concept in mathematical analysis that provides a criterion for the continuity of functions.
Roger Cotes (1682–1716) was an English mathematician and physicist known for his work in the early 18th century. He is best remembered for his contributions to the fields of mathematics and his collaboration with Sir Isaac Newton. His most significant work includes the editing and improvements made to the second edition of Newton's "Mathematical Principles of Natural Philosophy" (Principia).
Quantitative pharmacology is a branch of pharmacology that focuses on the application of mathematical and statistical models to understand drug action and behavior in biological systems. It combines principles from pharmacodynamics (the study of the effects of drugs on the body) and pharmacokinetics (the study of how the body affects a drug, including absorption, distribution, metabolism, and excretion) to quantitatively describe the relationships between drug exposure and its effects.
"Quantum Aspects of Life" is typically a concept explored in interdisciplinary studies that bridge quantum physics, biology, and the philosophy of science. While there isn't a universally accepted definition, the phrase often relates to how quantum mechanics—an area of physics that deals with the behavior of matter and energy on very small scales—can influence biological processes. Here are some areas where quantum mechanics might intersect with life sciences: 1. **Quantum Biology**: This emerging field studies quantum phenomena in biological systems.
Sergei Bernstein is a prominent figure in the field of mathematics, particularly known for his contributions to analysis, probability theory, and the effective theory of differential equations. He is best known for Bernstein polynomials, which are an important tool in approximation theory. These polynomials help in approximating continuous functions on the interval [0, 1] and have applications in various areas of numerical analysis and statistical inference.
Sergey Mergelyan is a notable Russian mathematician, known primarily for his contributions to the field of complex analysis, particularly in approximation theory. He is best recognized for the Mergelyan theorem, which provides conditions under which a continuous function defined on a compact set can be approximated by holomorphic functions. His work has significant implications in various areas of mathematics, including function theory and the study of analytic functions.
Shiri Artstein is an Israeli mathematician known for her work in probability theory and statistics, particularly in the areas of combinatorial probability and graph theory. She has contributed to various topics, including high-dimensional probability, random walks, and the geometry of Banach spaces. Artstein has published several influential papers and is recognized for her research in the mathematical community.
Pinned article: ourbigbook/introduction-to-the-ourbigbook-project
Welcome to the OurBigBook Project! Our goal is to create the perfect publishing platform for STEM subjects, and get university-level students to write the best free STEM tutorials ever.
Everyone is welcome to create an account and play with the site: ourbigbook.com/go/register. We belive that students themselves can write amazing tutorials, but teachers are welcome too. You can write about anything you want, it doesn't have to be STEM or even educational. Silly test content is very welcome and you won't be penalized in any way. Just keep it legal!
Intro to OurBigBook
. Source. We have two killer features:
- topics: topics group articles by different users with the same title, e.g. here is the topic for the "Fundamental Theorem of Calculus" ourbigbook.com/go/topic/fundamental-theorem-of-calculusArticles of different users are sorted by upvote within each article page. This feature is a bit like:
- a Wikipedia where each user can have their own version of each article
- a Q&A website like Stack Overflow, where multiple people can give their views on a given topic, and the best ones are sorted by upvote. Except you don't need to wait for someone to ask first, and any topic goes, no matter how narrow or broad
This feature makes it possible for readers to find better explanations of any topic created by other writers. And it allows writers to create an explanation in a place that readers might actually find it.Figure 1. Screenshot of the "Derivative" topic page. View it live at: ourbigbook.com/go/topic/derivativeVideo 2. OurBigBook Web topics demo. Source. - local editing: you can store all your personal knowledge base content locally in a plaintext markup format that can be edited locally and published either:This way you can be sure that even if OurBigBook.com were to go down one day (which we have no plans to do as it is quite cheap to host!), your content will still be perfectly readable as a static site.
- to OurBigBook.com to get awesome multi-user features like topics and likes
- as HTML files to a static website, which you can host yourself for free on many external providers like GitHub Pages, and remain in full control
Figure 2. You can publish local OurBigBook lightweight markup files to either OurBigBook.com or as a static website.Figure 3. Visual Studio Code extension installation.Figure 5. . You can also edit articles on the Web editor without installing anything locally. Video 3. Edit locally and publish demo. Source. This shows editing OurBigBook Markup and publishing it using the Visual Studio Code extension. - Infinitely deep tables of contents:
All our software is open source and hosted at: github.com/ourbigbook/ourbigbook
Further documentation can be found at: docs.ourbigbook.com
Feel free to reach our to us for any help or suggestions: docs.ourbigbook.com/#contact