Hedging strategies in bond markets are computed by martingale representation and the choice of a suitable of numeraire, based on the Clark-Ocone formula in a model driven by the dynamics of bond prices. Applications are given to the hedging of swaptions and other interest rate derivatives and we compare our approach to delta hedging when the underlying swap rate is modeled by a diffusion process.

This paper introduces the general notion of elastic interfaces and the derived concepts of transparency and tailorability, and exemplifies the notions in the domain of maritime instrumentation. It concludes that maritime automation to some degree already follows principles of transparency and possibly might benefit from adopting a disciplined version of tailorability.

We present a new model of human mate choice incorporating non-negligible courtship time. The courtship period is used by individuals to strategically swap to better partners when they become available. Our model relies on realistic assumptions about human psychological constraints and the specifics of the human social environment to make predictions about population level patterns that are supp...

In this paper we consider an approach to solve the swap common superstring problem. This approach is based on an explicit reduction from the problem to the satisfiability problem.

Saliva has become an important resource for evaluating physiological and pathological conditions in humans. The use of saliva has many advantages, including the simple and non-invasive method of collection and its easy, low-cost storage. With the addition of modern techniques and chemical instrumentation equipment, there has been an increase in its use for laboratory investigations, applicable ...