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

For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

The course is concerned with behavior of random walks on certain infinite graphs which are currently in vigorous development. This is a topic of dicrete probability are full of surprising and ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...