Jump diffusion is a stochastic process that involves jumps and diffusion. It has important applications in condensed matter physics and in option pricing.
Read more about Jump Diffusion: In Physics, In Economics and Finance
Famous quotes containing the word jump:
“Most of the folktales dealing with the Indians are lurid and romantic. The story of the Indian lovers who were refused permission to wed and committed suicide is common to many places. Local residents point out cliffs where Indian maidens leaped to their death until it would seem that the first duty of all Indian girls was to jump off cliffs.”
—For the State of Iowa, U.S. public relief program (1935-1943)