<t>May I ask, considering the Kolmogorov Backwards Equation (or the Black-Scholes PDE) and Geometric Brownian Motion (i.e. the modelling behind Black-Scholes). Why doesn't the probability density function for the log-normal distribution satisfy Kolmogorov's PDE? (Although many people say Geometric B...

<r>Dear all,I am currently writing a mathematical paper on CEV option valuation. I was wondering if people knew much about any (UK) government plans to regulate uncovered short selling?Also, if this happened, would this imply more use of capped style options and or binary options?Many thanks,<EMAIL ...

<t>Ah, slight complication in that area of student loans. I signed on to a 3 year degree, so I've used up my options with the student loans company (minimal interest), which means I'd have to do it privately. Is that really viable whilst doing a PhD after, it'd be not until 3-4 years later as to whe...

It's the idea that instead of looking at the probability of data fitting a model - It's optimising the probability that the model fits the data.

<r>To all those who read, I would appreciate your advise!I'm currently at quite a critical junction as a mere 21 year old. I'm wanting to (one day) become a mathematical Quant, building market models and pricing systems etc etc but I'm at a stage where I need to pursue a Master's degree and perhaps ...