A model is used to price a derivative whose payoff depends on returns over N periods on a shrinking basket of originally N assets. Each period, the worst return is added to the cumulative sum after being capped and floored, and the corresponding asset removed from the basket (hence a shrinking basket). The cap and floor rates are given for each…[Read more]

Credit value at risk (VaR) is used for measuring and analyzing credit risk of a portfolio. The basic methodology of the Credit VaR employs the credit migration approach spearheaded by RiskMetrics. It assumes that obligor’s credit quality is determined by the obligor’s asset value, which in turn is approximated by its standardized equity return.

Chaos theory is not as complex as it si often made out to be As Robert Juliano observes, the underlying principle is that “within the apparent randomness of chaotic complex systems, there are underlying patterns, interconnectedness, constant feedback loops, repetition, self-similarity, fractals, and self-organization.”

“Chaos has been for…[Read more]

Ang pagtanggi na ang “pagkamakasarili” ay ang laganap na pamantayan at mayroon lamang “limitadong mga anyo ng altruismo” Upang magsimula, idiin ko na, “Kahit na ang bakterya ay mas matagumpay sa pagpaparami sa presensya ng iba sa kanilang sariling mga species.” Ang ibig kong sabihin ay may connectivity ang bacteria para sa Diyos!
1. Sa isang araw…[Read more]

As the authors of the article “Beyond the Group Mind: A Quantitative Review of the Interindividual–Intergroup Discontinuity Effect” which was published in Psychological Bulletin, observed, It is estimated that just in the final decade of the twentieth century, the deadly wars of places like Rwanda, Bosnia, and Ethiopia claimed the lives of 30 m…[Read more]

Dawkins felslutning – vederläggning av att “egoism” är den vanliga normen och att det bara finns “begränsade former av altruism” Till att börja med vill jag betona att “även bakterier är mer reproduktivt framgångsrika i närvaro av andra av sin egen art.” Jag menar att bakterier har anslutningsmöjligheter för guds skull!
1. På en dag i slaget vid…[Read more]

Tsao, Hung-ping (2023). 500 Natural Sudoku Puzzles. In: “Evolutionary Progress in Science, Technology, Engineering, Arts, and Mathematics (STEAM)”, Wang, Lawrence K. and Tsao, Hung-ping (editors). Volume 5, NUMBER 9B, September 2023; 477 pages. Lenox Institute Press, Auburndale, MA, 02466, USA. No. STEAM-VOL5-NUM9B-SEP2023; …….. ABSTRACT:…[Read more]

This preface introduces in the main issues of the volume.

This preface introduces in the main issues of the volume.

This preface introduces in the main issues of the volume.

This paper presented at the Fourth International Conference and Industrial Exhibitoion on Dairy Science Park IV, Nov 1-5, 2017, Konya, Turkey, has reviewed the philosophy of Mevlana Jalal ud Din Rumi regarding love, tolerance, respect and spiritualism; appreciating each others and knowing the value of each other. Rumi (1230) told Iqbal (1930)…[Read more]

Tsao, Hung-ping (2023). The Natural Sudoku Lecture 10. In: “Evolutionary Progress in Science, Technology, Engineering, Arts, and Mathematics (STEAM)”, Wang, Lawrence K. and Tsao, Hung-ping (editors). Volume 5, NUMBER 9A, September 2023; 58 pages. Lenox Institute Press, Auburndale, MA, 02466, USA. No. STEAM-VOL5-NUM9A-SEP2023; ISBN…[Read more]

Āyurveda, the predominant medical system in pre-modern South Asia, is by definition a very individualistic tradition of healing, discerning and treating the patients under special consideration of their personal constitution, diet, physical strength, habituation, character and age. Furthermore, the āyurvedic source texts show a strong commitment t…[Read more]

The Sydney Harbour Bridge is an icon on the Sydney urban landscape. The bridge is an engineering marvel of modernism and the early 20th hope of a new nation.

Historians have long argued that arbitration was the preferred means of
resolution for most disputes in later medieval England; but does this apply
also to the settlement of homicides? Despite the strenuous efforts of the
English legal system after the Norman Conquest to force homicides through
the royal courts, historians have argued that…[Read more]

Historians have long argued that arbitration was the preferred means of
resolution for most disputes in later medieval England; but does this apply
also to the settlement of homicides? Despite the strenuous efforts of the
English legal system after the Norman Conquest to force homicides through
the royal courts, historians have argued that…[Read more]

In 2023 there is a vacant lot in central Menangle with a security fence. The reconstructed hall is proposed to open in 2024. On the security fence is an information sign with the hall’s history, what is happening, funding and building timeline. The information signage on the site security fence states: The existing hall is unusable due to…[Read more]

The Campbelltown Arts Centre is holding the Fibro Majestic Exhibition from 8 July to 13 August 2023 with free entry. The exhibition celebrates the heritage of the fibro house in Australia.