Purdue University

Purdue Teaching and Learning Technologies wins bronze at QS Reimagine Education Awards

Purdue University Teaching and Learning Technologies earned a prestigious Bronze Award in the QS Reimagine Education competition for the Best Use of Generative AI, as applied in the Purdue-developed ...
Purdue University

Exploration of AI Enhancements to Variate

This project will explore AI enhancements to Variate, Purdue University’s STEM assessment platform, through the integration of the OpenAI Language Model API that powers ChatGPT. The AI-driven ...
Risk

Generalized control variate methods for pricing Asian options

The conventional control variate method proposed by Kemna and Vorst for evaluating Asian options using the Black-Scholes model utilizes a constant control parameter.We generalize this method, applying ...
Risk

A general control variate method for time-changed Lévy processes: an application to options pricing

We propose a new control variate method combined with a characteristic function approach for pricing path-dependent options under time-changed Lévy models. In this method, we generate a process that ...
Nature

The Variate Difference Method

Books Received Published: 04 April 1942 The Variate Difference Method M. G. KENDALL Nature 149, 369–370 (1942) Cite this article ...