We propose implied spreads (IS) and normalized (NIS) as simple measures to characterize option prices. IS is the credit spread of an option’s bond, portfolio long a risk-free bond short put option. NIS normalizes by risk-neutral default probability reflects tail risk. are countercyclical predict returns, while neither, like volatility, predicts returns. These opposite predictability results con...

this paper is a translation of a chapter of the hook written by jonathan e. ingersoll jr. the farsi translation will he of great help to iranian students studying option pricing models.

The paper extends our previous analysis of market incompleteness to the case where there exist both a forward and real time market. The discussion is conducted with reference to a two-stage framework commonly used in stochastic programming and finance, but also familiar to the power industry. The paper considers two market designs. The first organization assumes that physical transmission servi...

This memo documents an optional type of Open Shortest Path First (OSPF) area that is somewhat humorously referred to as a "not-sostubby" area (or NSSA). NSSAs are similar to the existing OSPF stub area configuration option but have the additional capability of importing AS external routes in a limited fashion. The OSPF NSSA Option was originally defined in RFC 1587. The functional differences b...

Background & Aims: Allergic reaction is a common side effect of Efavirenz and drug replacement may not be an option to physicians. Here, a successful drug desensitization experiment on an 8-year-old female child over a period of 9 days is reported. Case presentation: The patient was an 8-year old female child with HIV in Kerman, Iran who had been received oral efavirenz together with lamivudine...

BACKGROUND Driving under the influence (DUI) of alcohol is a major public health concern, and many individuals continue to drink and drive even after being convicted of a DUI offense. Latinos, in particular, are disproportionately likely to be arrested for a DUI, have higher rates of recidivism, and are more likely to die in alcohol-related accidents than non-Latino Whites. Latinos also experie...

The situational factors associated with youthful driving while intoxicated (DWI) and riding with an impaired driver (RWID) are examined. Data were collected from separate samples of youth who had driven while impaired by alcohol and who had ridden with an alcohol-impaired driver. The purpose of the study was to determine whether there are consistent situational factors associated with DWI and R...

OBJECTIVE To determine the proportion of first time driving while alcohol impaired (DWI) offenders who drive while their driver's license is suspended. DESIGN Systematic, unobtrusive observations were conducted by surveillance professionals from Pinkerton Investigative Services, Inc, of first time offenders in the City of Milwaukee, Wisconsin, and Bergen County, New Jersey. Observations inclu...

A large proportion of offenders in the criminal justice system have alcohol-related problems. Therefore, it makes sense to implement alcohol screening and brief intervention programs for people in this setting, particularly for impaired driving offenders, who are likely to be alcohol dependent. Although most States mandate screening for impaired drivers, not much effort has been put forth to de...