Dr John Nash, who made pivotal contributions to game theory and differential equations was killed on Saturday in an automobile accident with his wife Alicia. He received a Nobel Prize in economics for his work in the theory of non-cooperative games. Nash equilibrium has been applied to modelling company merges and takeovers, portfolio optimization, and algorithmic trading.
Bloomberg article.
Weekly market report
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Wall st delivered a mixed bag of news with VIX, VNKY, and VSTOXX and their underlying markets almost unchanged. VXD - volatility index based... -
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