Accounting requires the ability to forecast conduit administration fees. a simple stationary lognormal model for the fees is presented. Initially, the stationarity of the sweep fees is tested by measuring the level of mean reversion. Using a Dickey-Fuller statistical test the conduits are checked for approximate stationarity. Next, assuming the…[Read more]

In this provocation, I investigate the notion of long term thinking, as a notion of ‘sustaining time’, which identifies failures in dominant conceptions of time and proposes an alternative that is thought to be better suited for responding to current environmental crises. Drawing on close analyses of two examples, I argue for a deeper und…[Read more]

The article presents a model for pricing digital-type barrier options on baskets of equity stocks. Within each payment period, there is a series of basket observation times. If at each observation time we observe that all basket constituent stocks remain between their lower and upper barriers, we receive a fixed coupon amount on the payment date…[Read more]

La question du libre arbitre – Stephen Cave souligne que la recherche sur le « libre arbitre » et ses implications ne sont pas nouvelles. Ce qui est nouveau, cependant, c’est la propagation du scepticisme du libre arbitre au-delà des laboratoires et dans le grand public.

Les recherches menées par Kathleen Vohs et Jonathan Schooler ont montr…[Read more]

The Issue of Free Will – Stephen Cave points out that the Free Will “research and its implications are not new. What is new, though, is the spread of free-will skepticism beyond the laboratories and into the mainstream. Determinism, to one degree or another, is gaining popular currency. The skeptics are in ascendance.” (There’s No Such Thing as Fr…[Read more]

We present a model for pricing an exotic swap where one party receives a fixed amount and makes a series of variable payments at the end of each pre-defined calculation period. The variable payments can be modeled as Asian put option payoffs on the weighted sum of two respective commodity basket levels. Furthermore, each basket level consists of a…[Read more]

यह मणिपुर में 2023 में हुई हिंसा पर केंद्रित प्रमोद रंजन के रिपोर्ताजों का पहला भाग है।

प्रमोद रंजन इसमें पूर्वोत्तर भारत के इतिहास, संस्कृति और समाज में आ रहे परिवर्तनों को चिन्हित किया है तथा उसका संवेदनशील, मर्मस्पर्शी और विचारोत्तेजक चित्र प्रस्तुत किया है।

उन्होंने इस रिपोर्ताज में यह भी बताया है कि हिंसा के दौरान मैतेई महिलाओं के…[Read more]

यह मणिपुर में 2023 में हुई हिंसा पर केंद्रित प्रमोद रंजन के रिपोर्ताजों का पहला भाग है।

प्रमोद रंजन इसमें पूर्वोत्तर भारत के इतिहास, संस्कृति और समाज में आ रहे परिवर्तनों को चिन्हित किया है तथा उसका संवेदनशील, मर्मस्पर्शी और विचारोत्तेजक चित्र प्रस्तुत किया है।

उन्होंने इस रिपोर्ताज में यह भी बताया है कि हिंसा के दौरान मैतेई महिलाओं के…[Read more]

A model is present for pricing an Equity Asian Swap. One leg of the swap pays the return from a monthly average of the S&P TSE60 index less a constant strike. The payment from the other leg is similarly defined for a stock. The payments are tied to notional amounts that are specified according to two pre-determined monthly schedules. Most of the…[Read more]

The article takes account of the colonial archives and analyses the strategies of colonizers, which brought about not only the new forms of knowledge in India but also restructured the society and statecraft here. I argue that the colonial administration developed the public instruction department to impart a new character to the natives and used…[Read more]

In this paper, the author introduces and explores the concept of synesthetic language, a multisensory linguistic system that integrates various sensory experiences into fundamental units called “synesthemes.” The author argues that synesthetic language forms the foundation of our internal thought processes, while communication with others involves…[Read more]

Ang Academic Materialist na hinimok ng Extreme Escapism ng Materialist Psychologists at Tumpak na “Mar’s Prophecy” ni Jung – kaya Recently Proven True.
Ang tanong ng isang mamamahayag kay Carl Jung: Sa palagay mo ba, sa loob ng dalawampung taon, sinuman ang magmamalasakit sa diwa ng mga simbolo, ganap sa panahon ng mga paglalakbay sa pagitan ng…[Read more]

Tulad ng naobserbahan ng mga may-akda ng artikulong “Beyond the Group Mind: A Quantitative Review of the Interindividual–Intergroup Discontinuity Effect” na inilathala sa Psychological Bulletin, Tinatayang sa huling dekada pa lamang ng ikadalawampu siglo, ang mga nakamamatay na digmaan ng mga lugar tulad ng Rwanda, Bosnia, at Ethiopia ay kumitil n…[Read more]

Tulad ng naobserbahan ng mga may-akda ng artikulong “Beyond the Group Mind: A Quantitative Review of the Interindividual–Intergroup Discontinuity Effect” na inilathala sa Psychological Bulletin, Tinatayang sa huling dekada pa lamang ng ikadalawampu siglo, ang mga nakamamatay na digmaan ng mga lugar tulad ng Rwanda, Bosnia, at Ethiopia ay kumitil n…[Read more]

A variance/volatility swap is an instrument that allows explicit exposure to the realized variance/volatility of an index, stock, etc., without exposure to other risks commonly encountered with derivatives: delta, gamma, etc.

We review the equity forward and futures pricing models. Consider an index level, I, at a future time, T. With respect to I, we calculate 1) the forward price, 2) the futures price, and 3) delta.

A valuation model is presented to calculate price, hedge ratio, and implied volatility for forward starting European calls and puts. The model focuses on the numerical accuracy of the implementation.

The model calculates numbers that characterize the effect of adding an extra instrument to a portfolio of loan commitments. To be useful, these numbers should be additive with respect to the facilities making up the portfolio, so that their total would have the same meaning for the portfolio as each individual number has for the respective…[Read more]

In modern understanding, a crisis can be an event or a period of (or leading to) an unstable or dangerous situation. It can affect an individual, a group or the whole society. However, a crisis is not only a threat, it also implies the need for (and the chance for) change and improvement. Historically, the term was borrowed from Greek…[Read more]