Essays about: "charles babbage"
Found 1 essay containing the words charles babbage.
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1. Pricing a Multi-Asset American Option in a Parallel Environment by a Finite Element Method Approach
University essay from Matematiska institutionenAbstract : There is the need for applying numerical methods to problems that cannot be solved analytically and as the spatial dimension of the problem is increased the need for computational recourses increase exponentially, a phenomenon known as the “curse of dimensionality”. In the Black-Scholes-Merton framework the American option pricing problem has no closed form solution and a numerical procedure has to be employed for solving a PDE. READ MORE
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