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This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the classical notions of Benthamite utility and the normative utility paradigm offered by the von Neumann-Morgenstern expected utility theory; exploring its major pitfalls before moving into what is postulated as an entropic notion of utility. Extrinsic utility is proposed as a cardinally measurable quantity; measurable in terms of the expected information content of a set of alternative choices. The entropic notion of utility is subsequently used to model the financial behavior of individual investors based on their governing risk-return preferences involving financial structured products manufactured out of complex, multi-asset options. Evolutionary superiority of the Black-Scholes function in dynamic hedging scenarios is computationally demonstrated using a haploid genetic algorithm model programmed in Borland C. The work explores, both theoretically and computationally, the psycho-cognitive factors governing the financial behavior of individual investors both in the presence as well as absence o...

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A collection of papers concerning smarandache type functions, numbers, sequences, integer algorithms, paradoxes, experimental geometries, algebraic structures, neutrosophic probability, set, and logic, etc. is published this year....

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Teoria Analitics a Numerelor reprezents pentru mine 0 pasiune. Rezultatele expuse mai departe constituie rodul catorva ani buni de cercetsri si csutsri. Lucrarea de fass se compune din 9 articole, publicate toate prin reviste de matematics romanesti sau strsine, iar unele prezentate chiar la congrese si conferinse nasionale cat si internasionale [vezi "Lista publicasiilor autorului pe tema tezei"). Ea se structureazs in patru capitole: - in primele trei capi tole se introduc noi funsii in teoria numerelor, se studiazs proprietssile lor, probleme nerezol vate legate de ele, implicasii in lumea stiinsific! internasional! (ce alsi matematicieni au abordat nosiunile acestea), conexisi cu alte funcsii bine stiute, importansa rezultatelor obsinute: - in ul timul capitol se aduc contribusii la studierea unei- funsii cunoscute in teoria numerelor (totient sau phi a lui Euler), in principal referitoare la conjectura lui carmichael. [Exist! referinse particulare dup! fiecare paraqraf (articol), iar referinse generale in finalul tezei.)...

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Ne bucuram exprimAnd mult-umirile noast.re f'at-a de t.ot-i acei.cunescut- i sau mai put-in cunoscut-i.care de-a Iungul aniler ne-au ajut.at. sa ajungem la aceast.a cart.e.Sunt. mult-i.sunt. f'oart.e mult-i cei care ne-au ajut.at. ... Unii ne-au dat. sugest.ii.alsii ne-au oferit. idei. uneori ne-am st.raduit. impreunA sa descif'ram un amanunt. nelamurit.. alleori Invst-am din Int.rebarile mest.esugit.e sau poale chiar naive ale inlerloculorilor nost.rii:...

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Mi-a sosit, de curand, cu po~ta aeriana, 0 carte din Amcrica. Era expcdiata de Florentin Smarandache, din Phoenix. Arizona. un valcean de-al nostru din Balce~ti, fugit Inainte de revolutic prin Turcia ~i "aclimatizat" In Statele Unite. Cinc e Florentin Smarandache: profesor de matematica, aut or a peste cincisprczece volume. poet. initiator al curentului paradoxise acum cercetator la Corporatia de computere Honeywell. Arizona. L-am cunoscut bine pe acest domn In perioada studentiei, cand incerca sa publice la revista studentcasca pe care 0 conduceam, tot felul de jocuri matematice. pe care nici nu Ie Intelegeam, nici nu Ie gustam, dar pe care Ie-am publicae in final. de dragul omului....

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In 1996 the author wrote reviews for "Zentralblatt fUr Mathematik" for books [11 and [21 and this was him first contact of with the Smarandache's problems. In [1] Florentin Smarandache formulated 105 unsolved problems, while in [21 C. Dumitrescu and V. Seleacu formulated 140 unsolved problems. The second book contains almost all problems from [11, but now everyone problem has unique number and by this reason the author will use the numeration of the problems from [2]. Also, in [2] there are some problems, which are not included in [1]. On the other hane, there are problems from [1], which are not included in [2]. One of them is Problem 62 from [1], which is included here under the same number. In the summer of 1998 the author found the books in his library and for a first time tried to solve a problem from them. After some attempts one of the problems was solved and this was a power impulse for the next research. In the present book are collected the 27 problems solved by the middle of February 1999....

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Preface 5 -- 1. On The 4-Th Smarandache's Problem 7 -- 2. On The 16-Th Smarandache's Problem 12 -- 3. On The 22-Nd, The 23-Rd, And The 24th -- Smarandache's Problems 16 -- 4. On The 37-Th And The 38th -- Smarandache's Problems 22 -- 5. On The 39-Th, The 40-Th, The 41st, And -- The 42-Nd Smarandache's Problems 27 -- 6. On The 43-Rd And 44-Th Smarandache's -- Problems 33 -- 7. On The 61-St, The 62-Nd, And The 63red -- Smarandache's Problems 38 -- 8. On The 97-Th, The 98-Th, And The 99th -- Smarandache's Problems 50 -- 9. On The 100-Th, The 101-St, And The 102nd -- Smarandache's Problems 57 -- 10. On The Ll7-Th Smarandache's Problem 62 -- Ll. On The Ll8-Th Smarandache's Problem 64 -- 12. On The 125-Th Smarandache's Problem 66 -- 13. On The I26-Th Smarandache's Problem 68 -- 14. On The 62-Nd Smarandache's Problem 71 -- Is. Conclusion 74 -- 16. Appendix 76 -- References 83 -- Curriculum Vitae Of K. Atanassov 86 --...

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Se confunda adesea paradoxul cu exercl- siul plat si plicticos al reabilitarii truismelor. Nu se poate nega fapsll ca pentru a intoarce 10- curile comune isl trebule curaj.Nimic mai rlscant decit a lucra cu banalltatea.si totuGi,paradoxul bine facut atinge pragul filosoflel.Devine 0 forrna penetranta de cllnoastere.Valoarea de excep1tie a paradoxului care di unor acte aparent insignifiante un sens Ildinc !;Ii revelator a fost intuita de Alexandru Paleologu : "Paradoxul e 0 alarmS. a inteligentel,un contact inedit cu adevarul n....

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Last autumn I received a letter from a student at Arizona State University. He sent me a response to my letter to the editor in Mathematical Spectrum, including some pages of F. Smarandache's open problems. At first, I was not interested in the enclosure, for some of the problems are not so new and creative. But reading carefully, there are also some problems which stimulate the curiosity on arithmetic functions and number sequences. Then I needed almost no time to understand his talent in mathematics. I returned a letter to the student with a copy of my publication in The Mathematical Scientist and including a response where I stated that I was willing to write additional articles....

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This paper is based on an article in Mathematical Spectrum, VoL 29, No 1. It concerns what happens when an operation applied to an n-digit integer results in an n digit integer. Since the number of ndigit integers is finite a repetition must occur after applying the operation a finite number of times. It was assumed in the above article that this would lead to a periodic sequence which is not always true because the process may lead to an invariant. The second problem with the initial article is that, say, 7 is considered as 07 or 007 as the case may be in order make its reverse to be 70 or 700. However, the reverse of 7 is 7. In order not to loose the beauty of these sequences the author has introduced stringent definitions to prevent the sequences from collapse when the reversal process is carried out....

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A Smarandache notion is an element of an ill-defined set, sometimes being almost an accident oflabeling. However, that takes nothing away from the interest and excitement that can be generated by exploring the consequences of such a problem It is a well-known cliche among writers that the best novels are those where the author does not know what is going to happen until that point in the story is actually reached. That statement also holds for some of these problems. In mathematics, one often does not know what the consequences of a statement are. Cnlike a novel however, there are no complete plot resolutions in mathematics as there are no villains to rub out. As the French emphatically say in another context, "Vive la difference'"...

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This is a collection of puzzles requiring in most cases – high school math. The purpose is not necessarily to solve these problems, but to get you to think about different types of math puzzles. Many of the puzzles are introductions to different areas of math. Most of these puzzles can be done mentally. If you have to write, expect to write no more than a page. Pictures are useful....

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“There are three planes”, said Onko, “which take off simultaneously - from Bangalore, Athens, and New York.” “Each plane goes 500 km north, then 500 km east, then 500 km south, and then 500 km west.” “Which plane is closest to its starting point?”, said Onko with a smile....

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Puzzles More puzzles Some more puzzles

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This book contains a collection of poems compiled by the author Florentin Smarandache.

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The creation of a book is an act that requires several preconditions. I) An interesting and worthwhile subject; 2) A fair, yet demanding editor.; 3) Someone willing to put the words on paper. Given the existence of these three items, the leap to making the book a good one becomes the responsibility of the author. The Smarandache function is simultaneously a logical extension to earlier functions in number theory as well as a key to many future paths of exploration. As such, it is hoped that you get as much out of this book as the author did in writing it. While all books are a collective work, the responsibility for any errors ultimately falls to the author, and this is no exception....

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As one of the oldest of mathematical disciplines, the roots of number theory extend back into antiquity. Problems are often easy to state, but extremely difficult to solve. Which is the origin of much of their charm. All mathematicians, amateurs and professionals alike, have a soft spot in their hearts for the "purity" of the integers. When "Fermat's Last Theorem" was finally proven after centuries of effort, the result was discussed on many major news shows in the US. Brief comments also appeared in the major weekly news magazines....

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Surfing on the Ocean of Numbers - why this title? Because this little book does not attempt to give theorems and rigorous proofs in the theory of numbers. Instead it will attempt to throw light on some properties of numbers, nota bene integers, through a study of the behaviour of large numbers of integers in order to draw some reasonably certain conclusions or support already made conjectures. But no matter how far we extend our search or increase our samples in these studies we are in fact, in spite of more and more powerful technologies, merely skimming the surface of the immense sea of numbers. - Hence the title....

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I have met the Smarandache's world for the first time about one year ago reading some articles and problems published in the Journal of Recreational Mathematics. From then on I discovered the interesting American Research Press web site dedicated to the Smarandache notions and held by Dr. Perez (address: http://www.gallup.unm.edu/~smarandache/), the Smarandache Notions Journal always published by American Research Press, and several books on conjectures, functions, unsolved problems, notions and other proposed by Professor F. Smarandache in "The Florentin Smarandache papers" special collections at: the Arizona State University (Tempe, USA), Archives of American Mathematics (University of Texas at Austin, USA), University of Craiova Library (Romania), and Archives of State (Rm. Valcea, Romania). The Smarandache's universe is undoubtedly very fascinating and is halfway between the number theory and the recreational mathematics. Even though sometime this universe has a very simple structure from number theory standpoint, it doesn't cease to be deeply mysterious and interesting. This book, following the Smarandache spirit, presents new ...

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In writing this book, the first problem I faced is to choose the contents of the book. Today the Smarandache Notions is so vast and diversified that it is indeed difficult to choose the materials. Then, I fixed on five topics, namely, Some Smarandache Sequences, Smarandache Determinant Sequences, the Smarandache Function and its generalizations, the Pseudo Smarandache Function and its generalizations, and Smarandache Number Related Triangles. Most of the results appeared before, but some results, particularyly in Chapter 5, are new. In writing this book, I took the freedom of including the more recent results, found by other researchers till 2009, to keep the expositions up to date. At the end of Chapter1, Chapter 3, Chapter4, and Chapter 5, some open problems are given in the form of conjectures and questions....

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Introduction 7-8 Chapter 1, Some Smarandache Sequences, 9-38 Chapter 2, Smarandache Determinant Sequences, 39-52 Chapter 3, The Smarandache Function, 53-88 Chapter 4, The Pseudo Smarandache Function, 89-168 Chapter 5, Smarandache Number Related Triangles, 169-192...