Research Methods for the Behavioral Sciences (MindTap Course List)
5th Edition
ISBN: 9781305104136
Author: Frederick J Gravetter, Lori-Ann B. Forzano
Publisher: Wadsworth Publishing
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Textbook Question
Chapter 1, Problem 1E
In addition to the key words that were defined in the text, you should be able to define the following terms, which also appear in the glossary:
Replication
Pseudoscience
Expert Solution & Answer
To determine
Define the term Replication and Pseudoscience
Answer to Problem 1E
Solution:
Replication is used in order to cheak the correctness of the answers. Psuedoscience is a blind belief of unscientific facts as scientific.
Explanation of Solution
Replication:
In scientific experiment behavior, a procedure is done repeatedly in order to attain accurate results. When a single procedure is done many times and the result is same then the scientist confirms that their study is correct. And it is also done to determine the original study can be applied to another research procedure.
Pseudoscience:
It deals with unscientific facts mistakenly considered as scientific. This is because there is no strong evidence to prove that it is wrong or no proper experiment was done on it to prove it is scientifically wrong. For example, in 2012 it is believed that the whole world is going to end, but it's not the actual fact.
Conclusion:
Replication is used to check the accuracy of the findings. And pseudoscience is unproven scientific facts.
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In this problem, we consider a Brownian motion (W+) t≥0. We consider a stock model (St)t>0
given (under the measure P) by
d.St 0.03 St dt + 0.2 St dwt,
with So 2. We assume that the interest rate is r = 0.06. The purpose of this problem is to
price an option on this stock (which we name cubic put). This option is European-type, with
maturity 3 months (i.e. T = 0.25 years), and payoff given by
F = (8-5)+
(a) Write the Stochastic Differential Equation satisfied by (St) under the risk-neutral measure
Q. (You don't need to prove it, simply give the answer.)
(b) Give the price of a regular European put on (St) with maturity 3 months and strike K = 2.
(c) Let X =
S. Find the Stochastic Differential Equation satisfied by the process (Xt)
under the measure Q.
(d) Find an explicit expression for X₁ = S3 under measure Q.
(e) Using the results above, find the price of the cubic put option mentioned above.
(f) Is the price in (e) the same as in question (b)? (Explain why.)
Chapter 1 Solutions
Research Methods for the Behavioral Sciences (MindTap Course List)
Ch. 1.2 - Describe tenacity and intuition as methods of...Ch. 1.2 - Describe and identify an example of the method of...Ch. 1.2 - Describe and identify an example of the rational...Ch. 1.2 - Describe and identify an example of the empirical...Ch. 1.3 - Identify and describe the steps of the scientific...Ch. 1.3 - Prob. 6LOCh. 1.3 - Prob. 7LOCh. 1.3 - Prob. 8LOCh. 1.3 - Explain the distinction between science and...Ch. 1.4 - Describe the difference between qualitative and...
Ch. 1.4 - Identify and describe the steps in the research...Ch. 1 - In addition to the key words that were defined in...Ch. 1 - Describe how the cliche You can lead a horse to...Ch. 1 - Describe why you might be cautious about using the...Ch. 1 - Prob. 4ECh. 1 - Pessimists commonly claim that, if you drop a...Ch. 1 - What are the five steps of the scientific method?Ch. 1 - Describe the difference between inductive and...Ch. 1 - State a hypothesis that identifies a specific...Ch. 1 - Is the following hypothesis testable, refutable,...Ch. 1 - Describe what it means to say that science is...Ch. 1 - An expert appears on a shopping network to explain...Ch. 1 - A social science researcher would like to...Ch. 1 - Determine whether each of the following hypotheses...Ch. 1 - In this chapter, we identified a variety of...Ch. 1 - Prob. 2EA
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