I'm writing my bachelor (the argument is the Compound Poisson Process applied to insurance) and I need an example to complete it. I need an application of Panjer recursion scheme (for example ...
Aim is to estimate an error on a stochastic event rate. I read out the event counter second-wise, every black $1$ is a counted event (new events over time, see the plot below). During the measurement ...
From what I understand, Black-Scholes equation in finance is used to price options which are a contract between a potential buyer and a seller. Can I use this mathematical framework to "buy" a stock? ...
Assume I have only basic math knowledge, what specific areas of math would I need to learn in order to understand the following webpage: Black-Scholes Many thanks.