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This article proposes a method to quantify the structure of abipartite graph with a network entropy from a statistical–physical point of view. The network entropy of a bipartite graph with random link...
The principle of absence of arbitrage opportunities allows obtaining the distribution of stock price fluctuations by maximizing its information entropy. This leads to a physical description of the u...
Markowitz’s mean-variance (MV) efficient portfolio selection is one of the most widely used approaches in solving portfolio diversification problem. However, contrary to the notion of diversification,...
We investigate the position of the Buchen-Kelly density in a family of entropy maximising densities which all match European call option prices for a given maturity observed in the market. Using the L...
We obtain the Maximum Entropy distribution for an asset from call and digital option prices. A rigorous mathematical proof of its existence and exponential form is given, which can also be applied to...
结合我国煤炭集团实际情况,提出建立供应商选择的指标体系。首先应用区间判断层次分析法,并结合熵理论,建立了主观与客观集成确权的IAHP-Entropy综合评价模型。最后将IAHP-Entropy综合评价模型应用于平顶山煤炭集团供应商选择中,结果表明该模型既能有效地避免单一主观确权的人为随意性,又能克服单一客观确权无法反映专家经验和决策者偏好的缺点,实践验证该模型是科学有效的。
Econophysics, is based on the premise that some ideas and methods from physics can be applied to economic situations. We intend to show in this paper how a physics concept such as entropy can be appli...
In many applications, it has been found that the autoregressive conditional heteroskedasticity (ARCH) model under the conditional normal or Student’s t distributions are not general enough to account ...
In an incomplete Brownian-motion market setting, we propose a convex monotonic pricing functional for nonattainable bounded contingent claims which is compatible with prices for attainable claims. The...
Spatial data modelling and consequential error estimation of the distribution function are key points of spatial analysis. For many practical problems, it is impossible to hypothesize distribution fun...

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