A New Analytic Approximation Technique for Options in a Regime-Switching Market

Author(s):  
Melissa Mielkie ◽  
Matt Davison
2007 ◽  
Vol 7 (7) ◽  
pp. 584-593
Author(s):  
C.-S. Yu ◽  
H.-S. Song ◽  
Y.-H. Wang

In this paper, we present a new approach to study genuine tripartite entanglement existing in $(2\times 2\times n)-$dimensional quantum pure states. By utilizing the approach, we introduce a particular quantity to measure genuine tripartite entanglement. The quantity is shown to be an entanglement monotone in 2-dimensional subsystems (semi-monotone) and reaches zero for separable states and $(2\times 2\times 2)-$dimensional $W$ states, hence is a good criterion to characterize genuine tripartite entanglement. Furthermore, the formulation for pure states can be conveniently extended to the case of mixed states by utilizing the kronecker product approximation technique. As applications, we give the analytic approximation for weakly mixed states, and study the genuine tripartite entanglement of two given weakly mixed states.


Symmetry ◽  
2021 ◽  
Vol 13 (5) ◽  
pp. 741
Author(s):  
Pablo Martin ◽  
Eduardo Rojas ◽  
Jorge Olivares ◽  
Adrián Sotomayor

A new simple and accurate expression to approximate the modified Bessel function of the first kind I1(x) is presented in this work. This new approximation is obtained as an improvement of the multi-point quasi-rational approximation technique, MPQA. This method uses the power series of the Bessel function, its asymptotic expansion, and a process of optimization to fit the parameters of a fitting function. The fitting expression is formed by elementary functions combined with rational ones. In the present work, a sum of hyperbolic functions was selected as elementary functions to capture the first two terms of the asymptotic expansion of I1(x), which represents an important improvement with respect to previous research, where just the leading term of the asymptotic series was captured. The new approximation function presents a remarkable agreement with the analytical solution I1(x), decreasing the maximum relative error in more than one order of magnitude with respect to previous similar expressions. Concretely, the relative error was reduced from 10−2 to 4×10−4, opening the possibility of applying the new improved method to other Bessel functions. It is also remarkable that the new approximation is valid for all positive and negative values of the argument.


Author(s):  
Kwangmoon Kim ◽  
Minsuk Kwak ◽  
U. Jin Choi
Keyword(s):  

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