Events

Past Event

Emanuel Derman

March 18, 2024
7:00 PM - 9:00 PM
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URIS 301

A Stylized History of Quantitative Finance

The evolution of a quantitative approach to finance has proceeded through many small but significant steps and occasional large epiphanies.

This talk outlines how, over the past 70 years, financial models have quantified the notion of derivatives, diffusion, risk, volatility, the riskless rate, diversification, hedging, replication, and the principle of no riskless arbitrage.