An approximation for negative binomial sums involving a minimum of arithmetic is presented. Because of the relationship between negative binomial sums and regular binomial sums the approximation can ...

Advances in Applied Probability, Vol. 45, No. 3 (SEPTEMBER 2013), pp. 876-893 (18 pages) For a family of linear preferential attachment graphs, we provide rates of convergence for the total variation ...

Financial supporters for this research include Brazilian National Council for Scientific and Technological Development (CNPq), Ceara State Foundation for Scientific and Technological Development ...

Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic values at various time periods.