Local volatility function

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  • Continuous-time modeling in finance, though introduced by Louis Bachelier's 1900 thesis on the theory of speculation, really started with Merton's seminal work in the 1970s. Since then, the continuous-time paradigm has proved to be an immensely useful tool in finance and more generally economics. Continuous-time models are widely used to study issues that include the decision to optimally consume, save, and invest, portfolio choice under a variety of constraints, contingent claim pricing, capital accumulation, resource extraction, game theory, and more recently contract theory....

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  • It is intended to support local practitioners in the design and implementation of appropriate country specific EIA and SEA arrangements and in addressing emerging demands for a more integrated approach to decision-making in support of sustainable development. This last area was identified as a priority at the 2002 World Summit on Sustainable Development (WSSD) and is being taken forward by UNEP through a number of initiatives, including those reported below. UNEP recognizes that such an approach will take time to become standard practice.

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  • After a limited physical examination, palpable FNAB may be performed as clinically indicated. The operator should wear examination gloves as described in standard precautions. 18 The skin should be cleansed with an alcohol swab prior to puncture for superficial FNAB. For percutaneous biopsy of deep lesions, sterile or aseptic technique is used. Local anesthesia may be used for palpable lesions at the preference of the operator and the patient, but is usually used for percutaneous radiologically guided needle biopsies.

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  • Admittedly, not all percentages refer to the same level of problem, i.e., in some studies a broader concept of psychological distress was used (as measured by screening instruments, such as the General Health Questionnaire (GHQ) or Self Reporting Questionnaire (SRQ), validated for local use), whereas in others a nosological diagnosis was used (obtained by instruments such as the Schedules for Clinical Assessment in Neuropsychiatry (SCAN) and the Mini-International Neuropsychiatric Interview (MINI)).

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