In the past, programmers have had the benefit that each successive generation of microprocessors makes their code run much faster. However, microprocessor design is reaching problems; too much heat, power consumption, voltage leakage, and space on a single chip. The best […]

 
Currently, Richardson extrapolation is a commonly used technique in financial applications.  We will look at its effect on option pricing.  Benefits include that Repeated Richardson Extrapolation (RRE) can be repeatedly used until a desired accuracy is reached. 
                Richardson Extrapolation has been used in the past with Geske-Johnson (uses arithmetic time steps) and modified Geske […]

 
While learning about current day techniques for root finding, we should realize the roots from which root finding was born; almost 4000 years ago. Some of the first approximations of roots came from Babylonian mathematics written in cuneiform script on clay tablets dating back to 1800 BC. These clay tablets include topics including […]