krisanapong detraphiphat / Getty Images In the financial world, the Black-Scholes and the binomial option valuation models are two of the most important concepts in modern financial theory.

ROCKLIN, Calif. — In the middle of a suburban neighborhood in Rocklin, an unexpected sight stands out: a towering pyramid tucked away on the grounds of a golf course. The structure, an eerie ...

The other, now just known as Noether’s theorem, says that behind every conservation law lies a deeper symmetry. In mathematical terms, a symmetry is something you can do to a system that leaves it ...

15–17 Based on the prior knowledge that influenza viruses are hazardous pathogens and have adverse health outcomes of R&C,3 4 18 we have developed an improved model incorporating Bayes’ theorem to ...

Bayes' Theorem, named after 18th-century British mathematician Thomas Bayes, is a mathematical formula for determining conditional probability. Conditional probability is the likelihood of an ...

Derivative itself is defined by the limit of function's change divided by the function's argument change as change tends to zero. In particular, for polynomials the function's change is calculated via ...