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A brief review of financial mathematics and recent research topics Distinguished Lecture Series
|Speaker: ||George Papanicolaou, Stanford University|
|Location: ||1147 MSB|
|Start time: ||Wed, Feb 26 2014, 3:10PM|
Modern financial mathematics evolved in the
past decades out of the meed to manage risk
with financial instruments like derivative contracts.
After a brief historical review of how this subject
started and has evolved I will discuss current
issues in the quantification and management of risk in financial markets.
Until recently, risk assessment models did not consider seriously the effects
of inter-connectedness of financial agents and markets, and the way risk diversification
impacts the overall stability of markets. I will discuss this issue and more
generally how the stability of markets is affected by different
patterns of trading.
Reception to follow 4-5pm