A partial differential equation (PDE) is a mathematical equation that involves multiple independent variables, an unknown function that is dependent on those variables, and partial derivatives of the ...

Partial differential equations (PDEs) are a class of mathematical problems that represent the interplay of multiple variables, and therefore have predictive power when it comes to complex physical ...

Solve the PDE and you get a formula that describes something about the system. In this case, the solution may be a formula that lets you calculate the flow field at at different times. Some PDEs can ...

First, we derive a two-dimensional convection diffusion pricing equation for the maximum drawdown in the Black–Scholes framework. Due to the properties of the maximum drawdown, this equation has a non ...