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Jaehyuk Choi : Simulation Schemes for the Heston Model with Poisson Conditioning
The Heston model, named after Steven L. Heston, is a representative continuous-time stochastic volatility (SV) model. It assumes that the volatility of an asset is evolving over time following the Cox-Ingersol-Ross (CIR) process rather than staying unchanged. While it is not the first SV model, it became popular in finance academia and industry thanks to its analytic property. For example, the option ...
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Professor Karol Mazur: College Education and Income Contingent Loans in Equilibrium
In many countries, student loans are very important for financing higher education
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Professor Jia Dun: Dynamic Price Competition, Learning-By-Doing and Strategic Buyers
In the new model, sellers benefit from learning-by-doing but buyers are critically important in the way that they are able to partly internalize the impacts of their purchase decisions on the dynamics of market structure evolution
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Malaysian Entrepreneur: I'm Here to Learn From the Best
The 34-year-old’s career path before arriving in Shenzhen was marked by a series of entrepreneurial ventures across Asia
Navigating Challenges—A Focus on International PHBSers
Focusing on three international students, all of whom have deep bonds with China and the unique experience at PHBS