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The Black–Scholes / ˌblæk ˈʃoʊlz / [1] or Black–Scholes–Merton model is a mathematical model for the dynamics of a financial market containing derivative investment instruments. From the parabolic partial differential equation in the model, known as the Black–Scholes equation, one can deduce the Black–Scholes formula, which gives ...
In 1905, "Einstein believed that Planck's theory could not be made to agree with the idea of light quanta, a mistake he corrected in 1906." [133] Contrary to Planck's beliefs of the time, Einstein proposed a model and formula whereby light was emitted, absorbed, and propagated in free space in energy quanta localized in points of space. [132]
During this period he investigated the refraction of light, demonstrating that the multicoloured image produced by a prism, which he named a spectrum, could be recomposed into white light by a lens and a second prism. [63] Modern scholarship has revealed that Newton's analysis and resynthesis of white light owes a debt to corpuscular alchemy. [64]
The Mandelbrot set (/ ˈmændəlbroʊt, - brɒt /) [1][2] is a two-dimensional set with a relatively simple definition that exhibits great complexity, especially as it is magnified. It is popular for its aesthetic appeal and fractal structures. The set is defined in the complex plane as the complex numbers for which the function does not ...
The product logarithm Lambert W function plotted in the complex plane from −2 − 2i to 2 + 2i The graph of y = W(x) for real x < 6 and y > −4.The upper branch (blue) with y ≥ −1 is the graph of the function W 0 (principal branch), the lower branch (magenta) with y ≤ −1 is the graph of the function W −1.
t. e. In mathematics, the Taylor series or Taylor expansion of a function is an infinite sum of terms that are expressed in terms of the function's derivatives at a single point. For most common functions, the function and the sum of its Taylor series are equal near this point.
Quantum mechanics. Matter waves are a central part of the theory of quantum mechanics, being half of wave–particle duality. At all scales where measurements have been practical, matter exhibits wave -like behavior. For example, a beam of electrons can be diffracted just like a beam of light or a water wave.
Maxwell's equations, or Maxwell–Heaviside equations, are a set of coupled partial differential equations that, together with the Lorentz force law, form the foundation of classical electromagnetism, classical optics, electric and magnetic circuits. The equations provide a mathematical model for electric, optical, and radio technologies, such ...