Average rate or Asian options have a payoff function proportional to an average rate or price. The average price is calculated over a sampling of specified dates that need not be equally spaced in time. The average price or rate tends to be less volatile than a single underlying price and hence, an option on the underlying average price should be…[Read more]

This study examines climate change’s impact on water resource management in Zambia, an economy reliant on natural resource extraction, particularly water resources, for development and anti-poverty efforts. Using a deductive qualitative case study approach, it analyzes existing literature and incorporates hydrological data from climate modeling…[Read more]

The story of the brass band made up of the nine sons of Antone Mollman

This blog post is a review of a new art exhibition at Camden’s Alan Baker Art Gallery that highlights the modernity and cosmopolitanism of the interwar period in an exhibition of artist Alan D Baker called ‘Alan’s Art Deco’.

The term “alchemy,” born out of early modern professional polemics among chemists, is problematic as a historical category. The present article shifts away from asking what pre-modern alchemy “really” was, to asking how medieval scholars writing in Greek and Arabic thought about the practice of treating and combining naturally occurring substan…[Read more]