In the financial world, the Black-Scholes and the binomial option valuation models are two of the most important concepts in modern financial theory. Both are used to value an option, and each has ...

Boolean algebra is a branch of mathematics that deals with operations on logical values with binary variables. Boolean variables are represented as binary numbers to represent truths: 1 = true and ...

This study extends the Poisson binomial distribution by introducing correlation and dependence between binomial events, enhancing its ability to capture complex event types and improving model ...

Complex numbers are numbers that consist of two parts — a real number and an imaginary number. They are the building blocks of more intricate math, such as algebra.