The aim of this study is to determine the relationship between GDP and inflation domestic
 loans given by banks private sector using time series models. In study, in which the
 1972-2020 annual data for Turkiye were used, Harvey et al. (2008) Leybourne (2007)
 linearity tests, traditional unit root tests linearly determined Kapetanios, Shin Snell
 (2003) (KSS) nonlinear perf...

We present a new algorithm to compute the Snell envelope in the specific case where the criteria to optimize is associated with a small probability or a rare event. This new approach combines the Stochastic Mesh approach of Broadie and Glasserman with a particle approximation scheme based on a specific change of measure designed to concentrate the computational effort in regions pointed out by ...

Sir,-?I desire to draw the attention of your readers to the subject set for this prize for the current year, viz., " A Maternity Home and Infant Welfare Centre." In the cause of social progress, these institutions are bound to have an importance in the future which is as yet little realised. Although a comparatively small number of specially designed buildings have been erected (and these are, ...

Thirty-five years ago, Gorer (1936), working with inbred strains of mice, discovered four blood group antigens and showed (Gorer 1937) that one of them, antigen II, was also present in fixed tissues and played a decisive role in determining susceptibility or resistance to tumor transplants. Following the suggestion of Snell (1948) that antigens concerned in transplantation reactions should be c...

Given an ergodic finite-state Markov chain, let Miw denote the mean time from i to equilibrium, meaning the expected time, starting from i, to arrive at a state selected randomly according to the equilibrium measure w of the chain. John Kemeny observed that Miw does not depend on starting the point i. The common value K = Miw is the Kemeny constant or seek time of the chain. K is a spectral inv...