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

Discover what basic balance means in economics, its role in balance of payments, and how it helps evaluate a country's inflow ...

Abstract: This article is devoted to stochastic convergence theorems for stochastic impulsive systems (SISs) and their application to discrete-time stochastic feedback control (DTSFC). A general ...

Abstract: In stochastic dynamic environments, multiagent Markov decision processes have emerged as a versatile paradigm for studying sequential decision-making problems of fully cooperative multiagent ...