A short proof is given of the theorem by Wik, who, in 1965, showed that the nowhere-dense strong Ditkin subsets of$T$, the circle group, are finite.

Let X denote an equivariant embedding of a connected reductive group X over an algebraically closed field X . Let X denote a Borel subgroup of X and let X denote a X -orbit closure in X . When the characteristic of X is positive and X is projective we prove that X is globally X -regular. As a consequence, X is normal and Cohen-Macaulay for arbitrary X and arbitrary characteristics. Moreover, in characteristic zero it follows that X has rational singularities. This extends earlier results by the second author and M. Brion.

Parametric option pricing models are widely used in finance. These models capture several features of asset price dynamics; however, their pricing performance can be significantly enhanced when they are combined with nonparametric learning approaches that learn and correct empirically the pricing errors. In this article we propose a new nonparametric method for pricing derivatives assets. Our method relies on the state price distribution instead of the state price density, because the former is easier to estimate nonparametrically than the latter. A parametric model is used as an initial estimate of the state price distribution. Then the pricing errors induced by the parametric model are fitted nonparametrically. This model-guided method, called automatic correction of errors (ACE), estimates the state price distribution nonparametrically. The method is easy to implement and can be combined with any model-based

Can you capture the motion of a smile in 3-D? This paper presents a video acquisition system that measures 3-D geometry accurately. The data acquisition speed is 90 fps and over one quarter million points per frame. Acquisition, reconstruction, and display are simultaneously realized at 30 fps.

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