2,305 research outputs found
Dieci dialoghi celesti
No full textErio Castagnoli immagina che alcuni personaggi (più o meno)
di fantasia conversino a proposito dei principali argomenti
della Teoria delle Decisioni e della Matematica finanziaria.
Trattando di argomenti basilari, come arbitraggi e utilità attesa,
o di temi più avanzati, come i paradossi nelle decisioni e
i prezzi in mercati con attriti e “granularità”, i protagonisti
avanzano punti di vista talvolta irriverenti e spesso “eretici”
rispetto ai classici manuali universitari, dando vita a un compendio
quasi enciclopedico, godibile sia dai neofiti sia dagli
addetti ai lavori
"The Vision of Architecture in Religious Reform Movements (Fifteenth to Sixteenth Centuries): A Comparative Assessment", sessione di convegno a cura di Andrea Guerra e Paola Modesti, nell'ambito dell'"Annual meeting della 'The Renaissance Society of America'", Venezia 8-10 aprile 2010
No full text
On Specimen Theoriae Novae de Mensura Sortis of Daniel Bernoulli
No full textThis piece in the Milestones series is dedicated to the paper "Specimen Theoriae Novae de Mensura Sortis" by Daniel Bernoulli, published in 1738 on the Commentarii Academiae Scientiarum Imperialis Petropolitanae
Eugenio Levi and his scientific production: a note on the occasion of the 40th anniversary of his death
No full textIn 1969 Eugenio Levi, both a great scholar and a great man, disappeared. He only was 55.
Levi taught Financial Mathematics in Turin, Catania, Parma Universities and at Bocconi University in Milan. All of his former students still lively recall him as an excellent and stimulating teacher.
His scientific activity regarded several subjects, from classical problems in Financial and Actuarial Mathematics to topics in Mathematical Economics, Operations Research and Decision Theory. He often managed to bring innovation in the Italian state -of-the-art in research, arousing interests which still are well alive in our Applied Mathematics school
"Architettura delle facciate: le chiese di Palladio a Venezia. Nuovi rilievi, storia, materiali", mostra tenutasi presso l'Università IUAV di Venezia dal 15 dicembre 2008 al 30 gennaio 2009, a cura di Malvina Borgherini, Andrea Guerra, Francesco Guerra, Paola Modesti
No full textA Note on Mergers and Acquisitions
No full textPurpose – Recently numerous mergers have been realized. The paper aims to discuss famous static models about the exchange ratio. The paper then seeks to propose a simple dynamical model to valuate both the immediate merger's effects and the delayed ones. Design/methodology/approach – The paper examines from an analytical viewpoint the inequalities of Larson and Gonedes and of Yagil about the exchange ratio. Then, it looks for a possible valuation of future dividends through a dynamical approach. Findings – The paper shows that the results of Larson and Gonedes and of Yagil are substantially the same and, in spite of appareances, do not propose real limitations, but only formal constraints, which need to be further treated before obtaining useful information. The paper then provides sufficient conditions to have dividends and/or prices greater than dividends and/or prices in absence of merger. Finally, an index to valuate synergy is proposed. Research limitations/implications – On the basis of real data, the model may be tested. Moreover, non-linear models and a stochastic framework could be considered. Practical implications – The paper provides a critical viewpoint to consider classical models. Furthermore, the valuation method for future dividends may be applied and the synergy index may be calculated. Originality/value – Both the results about the classical inequalities (to the authors' knowledge, there is no study in such a sense) and the dynamical model (the paper studies possible gains within a time horizon T and not only at time 0 and it does not obtain the fundamental value of stocks, as Yagil does, but their market price) are original
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