convex

Vocabulary Word

Definition

'Convex' refers to a surface or shape that curves or bulges outwards. So something convex sticks out, like the lens of a magnifying glass or a bubble.

Examples in Different Contexts

In optics, 'convex' lenses bulge outwards and can converge light rays. An optical engineer might state, 'A convex lens will focus the light at a single point.'

Practice Scenarios

Business

Scenario:

We're trying to optimize returns on bonds. The level of market volatility makes our risk profile unpredictable.

Response:

To better navigate this, we should consider the convexity attribute of our bonds which can help us handle interest rate fluctuations.

Academics

Scenario:

The research proposal identifies several tough challenges. We'll need to adjust our methodology accordingly.

Response:

I agree. We need to focus on understanding convex functions to address some of these complex optimization challenges.