Title: | Random Walks and Ito Calculus with Applications to Finance |
Speaker: | Darren E. Mason Professor Mathematics & Computer Science Albion Coollege Albion, MI |
Abstract: | Rational pricing of many financial products rely on mathematical modeling of random phenomena (e.g. the time evolution of a stock price). In this talk I will discuss the fundamental ideas of random walks, Brownian motion, and Ito Calculus, with applications actuarial science and finance. This presentation also serves as a nice introduction to what students can expect in part of Math 313 - Financial Mathematics for Actuaries (a.k.a. "Financial Derivative Pricing) - which is offered in Spring 2024. |
Location: | Palenske 227 |
Date: | 11/10/2022 |
Time: | 3:30 PM |
@abstract{MCS:Colloquium:DarrenEMason:2022:11:10, author = "{Darren E. Mason}", title = "{Random Walks and Ito Calculus with Applications to Finance}", address = "{Albion College Mathematics and Computer Science Colloquium}", month = "{10 November}", year = "{2022}" }