The key to understanding the Black-Scholes model is recognizing that it is based on the idea of a risk-neutral world, where investors are indifferent to risk.
理解布莱克-斯科尔斯模型的关键在于认识到它是基于风险中性世界的概念,在这个世界中投资者对风险漠不关心。
过去从未死去,它甚至还未过去。
Quantum error correction is essential for building a practical quantum computer.
"The most important thing in science is not so much to obtain new facts as to discover new ways of thinking about them."
真正的数学家始终是学生,永远在学习。
I have always believed that the way to make money is to buy when everyone else is selling and to sell when everyone else is buying.