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Financial Mathematics: Between Stochastic Differential Equations and Financial Crisis (Panel Discussion Contribution)

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Recent Developments in Applied Probability and Statistics
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Abstract

We survey the role, scope and subject of modern financial mathematics. Besides its impact on scientific research in recent years and on the financial market (including the current crisis), we will also comment on the possibility to study financial mathematics and related areas at German universities.

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References

  • Black F., Scholes M.S.: The pricing of options and corporate liabilities. J. Polit. Econ. 81, 637–654 (1973)

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  • Harrison J.C., Pliska S.R.: Martingales and stochastic integrals in the theory of continuous trading. Stoch. Process. Appl. 11 (3), 215–260 (1981)

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Correspondence to Ralf Korn .

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Korn, R. (2010). Financial Mathematics: Between Stochastic Differential Equations and Financial Crisis (Panel Discussion Contribution). In: Devroye, L., Karasözen, B., Kohler, M., Korn, R. (eds) Recent Developments in Applied Probability and Statistics. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-2598-5_10

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