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I am working with the porous medium equation, which I am treating it as a type of Fokker-Planck equation given by: $ \frac{\partial u}{\partial t} = \Delta(u^m), \quad m > 1 $ For this equation, ...

I'm currently studying Paul Wilmott on quantitative finance and saw an interesting idea for an interest rate model that went unexplored in the book. The idea is to model the market price of risk as a ...