Monte Carlo simulation is a widely used tool in finance for computing the prices of options as well as their price sensitivities, which are known as Greeks. The disadvantage of the Monte Carlo simulation, in its standard form, is its slow convergence rate. In the first part of this thesis, we review several methods that they have been proposed, in order to improve the convergence rate of Monte ...

How did ancient Greeks experience their relationship with wild Nature? What feelings a walk in the forest or night spent woods evoke them? Over centuries, literature has built bridges between them and us can bring little closer to grasping hint of mentality. Our analysis passages similes that mention natural world Iliad could shed some light on how they perceived environment. Mountains forests ...

In this article, we define new “Greeks” for financial derivatives: sensitivities to the running maximum and the running maximum drawdown of an underlying asset. Some types of portfolios, such as the net asset value of a hedge fund or performance fees are sensitive to these parameters. In order to illustrate the concept of the new “Greeks”, we derive probabilistic representations of sensitivitie...

Until 1922 the Turkish Army won a great victory against Greeks on Western Front of War Independence. Before Great Offensive Greek in Anatolia thought that Turks could not make an attack and sent some its troops Eskişehir to Çatalca. Having no strength fight hoping for peace as soon possible, put into action plans occupy Istanbul order pressure Allied Powers deal final Turks. The made their inte...

With the recent developments in the Human Genome Mapping Project and the new technologies that are developing from it there is a renewal of concern about eugenic applications. Francis Galton (b1822, d1911), who developed the subject of eugenics, suggested that the ancient Greeks had contributed very little to social theories of eugenics. In fact the Greeks had a profound interest in methods of ...