Invariant approaches to equations of finance (Q1649232)
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scientific article; zbMATH DE number 6898839
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Invariant approaches to equations of finance |
scientific article; zbMATH DE number 6898839 |
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Invariant approaches to equations of finance (English)
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5 July 2018
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Summary: We firstly show how effective it is to utilize the invariant criteria for scalar linear \((1+1)\) parabolic equations in order to perform reductions to the three Lie canonical forms of a bond-pricing model from finance. As a consequence we arrive at new results on bond-pricing equations that admit four nontrivial symmetries. In the second part we draw attention to a new method developed for equations of economics.
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