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Is our consciousness continuous, or does it occur in discrete chunks? At first glance, this may seem like a strange question. It seems, to us, that our lives are like a movie, where we are perceiving ...
This paper examines the consequences of alternative formalizations of dynamic models. All dynamic models analyze change over time. But the change can either be assumed to occur continuously--and hence ...
We propose an accurate method for pricing arithmetic Asian options on the discrete or continuous average in a general model setting by means of a lower bound approximation. In particular, we derive ...
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