As explained in Prof. Robert Jarrow's book cited below, forward rates contain a risk premium above and beyond the market's expectations for the 3-month forward rate. We document the size of that risk ...
A research team at the University of Cambridge in the UK has succeeded in simulating a phenomenon in the world of quantum mechanics that allows events that happened in the past to change in the future ...
Researchers have pioneered a new approach to simulate turbulent systems, based on probabilities. Researchers at the University of Oxford have pioneered a new approach to simulate turbulent systems, ...
Researchers at the University of Oxford have pioneered a new approach to simulate turbulent systems, based on probabilities. The findings have been published today (29 January) in the journal Science ...