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Discover how the Dutch Book Theorem reveals profit opportunities in betting and finance when probabilities are misjudged.

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

Abstract: The normal inverse Gaussian (NIG) distribution is a recent variance-mean mixture of a Gaussian with an inverse Gaussian distribution. The NIG can serve as a model for data that are ...

Abstract: Autonomous navigation has become a topic of immense interest in robotics in recent years. Light detection and ranging (LiDAR) can perceive the environment in 3-D by creating the point cloud ...