An Invitation to Market Design

An Invitation to Market-based Option Pricing and Its Applications

This article provides an overview of market-based option pricing and its applications. First, two fundamental approaches for market-based option pricing from the literature are introduced. Then, three important new processes, the deterministic volatility model, the stochastic volatility model, and a model including jump, are discussed. Finally, several empirical analyses on the NIKKEI225 option...

Redesigning Design; An Invitation to a Responsible Future

This essay proposes new contours for design as a profession in a world whose industrial products have become more and more language-like and incommensurate discourses compete with one another for hegemony the design discourse being merely one of many. It takes design to be constituted (that is, defined with) in processes of languaging. It calls on us to recognize and act in the awareness of how...

An Invitation to Play

Parity games and their subclasses and variants pop up in various contexts: μ-calculus, tree automata, program verification [3, 1, 8]. Such games provide only binary information indicating the winning player. However, in classical games theory [12] the emphasis is rather on how much we win or lose. Can we incorporate the information about the profits and losses into parity games?

An Invitation to Topology

An Invitation to

* The author is an Associate Professor of Accounting on the faculty of the Tepper School of Business of Carnegie Mellon University, Pittsburgh, Pennsylvania, USA. The essay is written based on a few lectures on accounting theory given at various universities. The author thanks the audience at these lectures. In preparing the written manuscript, comments by Xijia Su of City University of Hong Ko...