This article presents a simple yet powerful new approach for approximating the value of America11 options by simulation. The kcy to this approach is the use of least squares to estimate the conditional expected payoff to the optionholder from continuation. This makes this approach readily

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We survey general techniques and open problems in numerical linear algebra on parallel architectures. We first discuss basic principles of parallel processing, describing the costs of basic operations on parallel machines, including general principles for constructing efficient algorithms. We

The characteristics of the waves guided along a plane [I] P. S. Epstein, “On the possibility of electromagnetic surface waves, ” Proc. Nat’l dcad. Sciences, vol. 40, pp. 1158-1165, Deinterface which separates a semi-infinite region of free cember 1954. space from that of a magnetoionic medium are investi- [2] T. Tamir and A. A. Oliner, “The spectrum of electromagnetic waves guided by a plasma layer, ” Proc. IEEE, vol. 51, pp. 317gated for the case in which the static magnetic field is 332, February 1963. oriented perpendicular to the plane interface. It is [3] &I. A. Gintsburg, “Surface waves on the boundary of a plasma in a magnetic field, ” Rasprost. Radwvoln i Ionosf., Trudy found that surface waves exist only when w,<wp and NIZMIRAN L’SSR, no. 17(27), pp. 208-215, 1960. that also only for angular frequencies which lie bet\\-een [4] S. R. Seshadri and A. Hessel, “Radiation from a source near a plane interface between an isotropic and a gyrotropic dielectric,” we and 1/42 times the upper hybrid resonant frequency. Canad. J. Phys., vol. 42, pp. 2153-2172, November 1964. The surface waves propagate with a phase velocity [5] G. H. Owpang and S. R. Seshadri, “Guided waves propagating along the magnetostatic field at a plane boundary of a semiwhich is always less than the velocity of electromagnetic infinite magnetoionic medium, ” IEEE Trans. on Miomave waves in free space. The attenuation rates normal to the Tbory and Techniques, vol. MTT-14, pp. 136144, March 1966. [6] S. R. Seshadri and T. T. \Vu, “Radiation condition for a maginterface of the surface wave fields in both the media are netoionic medium. ” to be Dublished. examined. Kumerical results of the surface wave characteristics are given for one typical case.

outcomes and specified probabilities, in the hope that these simple problems will reveal basic attitudes toward risk and value. We shall sketch an approach to risky choice that derives many of its hypotheses from a psychophysical analysis of responses to money and to probability. The psychophysical

correspondence between the interior portions of their sequence and the regions appearing on the hydrophobic side of the midpoint line, as well as the exterior portions and the regions on the hydrophilic side. The correlation was demonstrated by comparisons between the plotted values and known structures

of recovering a large matrix from a small subset of its entries (the famous Netflix problem). Off-the-shelf algorithms such as interior point methods are not directly amenable to large problems of this kind with over a million unknown entries. This paper develops a simple first-order and easy

A numerical algorithm integrating the 3N Cartesian equations of motion of a system of N points subject to holonomic constraints is formulated. The relations of constraint remain perfectly fulfilled at each step of the trajectory despite the approximate character of numerical integration. The method

stream value.

discussed is the calculation of the q-value, the pFDR analogue of the p-value, which eliminates the need to set the error rate beforehand as is traditionally done. Some simple numerical examples are presented that show that this new approach can yield an increase of over eight times in power compared