Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.

Best-selling books have bickered over the precise ratio—whether, say, 10,000 hours of practice trumps having the so-called ...

Every time you swipe through your phone, something fires in your brain, and you don't even feel it happening – but the ...

Abstract: In this letter, we propose a simple accurate closed-form approximation to the probability density function (pdf) of the sum of independent, identically distributed gamma-gamma (G-G) random ...

Abstract: In this paper we consider two important topics: density estimation and random variate generation. We present a framework that is easily implemented using the familiar multilayer neural ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...