Affine processes provide a versatile framework for modelling complex financial phenomena, ranging from interest rate dynamics to credit risk and beyond. Their defining characteristic is the affine, or ...

The left side represents the theoretical framework; the top middle contains a labeled box with a circumscribed circle displaying the call and put option prices (c, p), as well as the delta and vega ...

A new model built on stochastic thermodynamics shows that the tiny hair bundles inside the inner ear do not simply detect sound waves but actively switch between distinct operating modes, one tuned ...