We’ve done instantaneous rates several times by this point, but all for piecewise-linear functions. That was easy; how can you adapt this method to a function that is not linear?

This is probably the last of three articles on how piecewise-linear functions could be used as a helpful on-ramp to the big ideas in calculus. In the first article, we saw how it’s possible to ...

In an incomplete market it is usually impossible to eliminate the intrinsic risk of an option. In this case quadratic risk minimization is often used to determine a hedging strategy. However, it may ...