formula

“Luckily, only Simon knows the true formula. I wonder what mystery those pages will finally reveal?”

The engineers’ job was to come up with the theories and formulas that advanced the nation’s aviation know-how; the computers performed and checked calculations to ensure that the engineers’ ideas worked.

Consider how the Black-Scholes pricing model, an innovative mathematical formula introduced in 1973, spawned a whole new market for derivatives and made them widely accessible.

The Affordable Care Act’s subsidy formula guarantees that people buying health insurance through the marketplaces pay no more than a fixed percentage of income for a benchmark plan.

Unfortunately, there are also indications that these miraculous late comebacks may also be a completely unsustainable formula.