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We develop a new approach to valuing and hedging basket and spread options. We consider baskets of assets with potentially negative portfolio weights (spread options are a subclass of such basket options). The basket distribution is approximated using a generalized family of log-normal distributions. This approximation copes with negative basket values as(More)
Through an integration of wireless communication and sensing technologies, the concept of a body sensor network (BSN) was initially proposed in the early decade with the aim to provide an essential technology for wearable, ambulatory, and pervasive health monitoring for elderly people and chronic patients. It has become a hot research area due to big(More)
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