Mathematics in Finance

Duration: 46 mins 21 secs
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Description: Quantitative Finance - Recorded 17/04/09 11:45am-12:30pm, MR2
Speaker: James Holloway
 
Created: 2009-07-06 12:53
Collection: Beyond Part III - Young Researchers in Mathematics 2009
Publisher: University of Cambridge
Copyright: A.C. Cullum Hanshaw
Language: eng (English)
Distribution: World     (downloadable)
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Director:  A. Cullum-Hanshaw
Explicit content: No
Aspect Ratio: 4:3
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Abstract: I will talk about the uses and abuses of mathematics in finance. In particular, how the poor understanding of modelled risk (i.e. statistics) has led to the current crisis. I will also talk about the Efficient Market Hypothesis, and how its blind application as a mathematical axiom is wrong. This will be a talk that anyone from any discipline can attend (I am, after all, a physicist), and it won't be too dry!
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