REF NO.: 209
|SUBJECT:||Noted financial mathematicians to participate in workshop at Memorial University|
|DATE:||Aug. 15, 2003|
Note to editors:
A number of the world's best financial mathematicians are visiting St. John's for a four-day workshop on financial mathematics to be held at Memorial University's Department of Mathematics and Statistics from Aug. 17-21. Financial mathematics is a relatively new branch of mathematics and involves the development of complicated formulae used to explain and predict the seemingly erratic behaviour of things like financial markets and stock prices.
"There are relatively few people in the world doing financial mathematics today," said Dr. Edgar Goodaire, professor of mathematics at Memorial and co-ordinator of the workshop, "and the very best among them will be in St. John's over the next several days. For example, Monique Jeanblanc is one of the best mathematicians in France today. Professor Jeanblanc is one of the great financial mathematicians in the world and she has contributed to many areas and written several outstanding texts."
"Another participant is Professor Dilip Madan, who works three days a week for Morgan Stanley, one of the largest US banks, two days at the University of Maryland and consults for Bloombergs," Prof Goodaire noted. "His variant-gamma model has been adopted as the standard for valuation at Morgan Stanley, a major shift for a bank to put its faith in a new mathematics model."
Other participants include:
David Heath - one third of a mathematics triumvirate (Heath/Jarrow/Morton) who produced one of the major paradigms of interest rate models in mathematical finance.
John van der Hoek - senior lecturer in Applied Mathematics at the University of Adelaide. He has developed courses on optimal control, stochastic calculus, mathematical finance, and financial economics.
Robert Elliott - RBC Financial Group Professor of Finance at the University of Calgary, and Professor Emeritus at the University of Alberta. He teaches courses in financial engineering and mathematical finance. Professor Elliott has authored six books and over 300 papers.
A full schedule of the workshop is available at www.math.mun.ca/~aarms/workshops/wfm2003.shtml
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