We implement a Rubinstein-type (1994) implied binomial tree using an Excel spreadsheet, but without using VBA (Visual Basic Application). We demonstrate both the optimization needed to generate ...

The Applied Probability Trust is a non-profit publishing foundation established in 1964 to promote study and research in the mathematical sciences. Its titles Journal of Applied Probability and ...

The binomial distribution is an important discrete distribution. It gives the probability of the number of "successes," in a sequence of n independent binary trials. This applet allows users to drag ...