Pricing Defaultable Bonds and Credit Default Swap
Defaultable Bonds A defaultable bond has these characters: We have to specify the probability of default by working...
Financial Engineering: Term Structure Models
Fixed Income Derivatives Fixed income markets are enormous and in fact bigger than equity markets. Fixed income derivative...
Non-personalized Recommenders
Non-personalized recommenders systems are remarkably effective tools and still useful in various situations. For example: recommendation in print...
Agency and Employment Law
Agency Agency is nothing more than the idea that you give somebody else authority to act on your...
Introducing Recommender Systems
Information Retrieval and Filtering Information retrieval evolved in response to the need to be able to ask questions...
Exploration and Planning in Reinforcement Learning
Exploration is needed to find unknown actions which lead to very large rewards. Most of the reinforcement learning...
Fashion and Luxury
What is fashion Fashion can be many things: creativity, business, trend that people share, or a way to...
Enforcement of Contracts
Third party beneficiaries Third party beneficiaries are people who benefit under a contract, but are not part to...
Reinforcement Learning: Policy Gradient Methods
The problems of value-based methods The idea behind value-based reinforcement learning (say, Q-learning) is to find an optimal...
TensorFlow Essentials
TensorFlow is an open-source, high-performance library for any numerical computation (not just for machine learning). For example, you...
Google Search Engine Optimization
What is SEO? SEO stands for Search Engine Optimization, which is the practice of improving visibility of a...
Sales Contracts: UCC Article 2
UCC stands for Uniform Commercial Code, UCC Article 2 pertains sales of goods, which provides additional rules when...
Machine Learning in Google
AI First Think about the complex pipeline, to be successful at Machine Learning, besides creating models, you need...
Multi-Period Binomial Model
Multi-period binomial model Multi-period binomial model is really just a series of one-period model spliced together. When pricing...
Deep Q-Network in Reinforcement Learning
Deep Q-Network (DQN) is the first successful application of learning, both directly from raw visual inputs as humans...