Preface
1. Fitzsimmons and Fitzsimmons (2011).
Chapter 1
1. Refer to Appendices A and B for more detailed descriptions of the terms and symbols used in the text.
2. Laguna and Marklund (2005), chapter 6.
3. Hillier and Lieberman (2010), chapter 17.
4. Nelson (2010), chapter 8.
5. Some of you are probably asking, “Shouldn’t this value be 50%?” Many of my students ask this question because their familiarity in using normal distributions implies that the average should be at the 50% point. Although this is true for a normal distribution, it is not true for the majority of distributions. For an exponential distribution, the average value corresponds to the 36.78% point and to the 1 − 0.3678 = 63.21% point for the inverse exponential distribution. ...
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