Programme SMS Lecture Series
Audience General (Suitable for students at JC Level and above)
Description This lecture series will feature eminent local mathematicians or mathematics educators to share with the public some of their interests and ideas.
Speaker

Steven Kou, National University of Singapore

Professor Steven Kou is currently a Provostís Chair Professor of Mathematics and the Director of the Centre for Quantitative Finance at National University of Singapore. Previously, he taught at Columbia University, University of Michigan, and Rutgers University. He teaches courses in quantitative finance, stochastic models, and statistics. His research results have been widely used on Wall Street, and have been incorporated into standard M.B.A. textbooks
Title Mathematics of Money
Abstract We will discuss three aspects of the application of mathematics in finance: (1) Investment (2) Derivatives (3) Risk Management. Although more advanced mathematics, such as stochastic differential equations, statistical inference, optimization, and functional analysis may be needed to study these topics, only high school mathematics will be used in the talk. We aim at giving some concrete examples in these topics, to inspire interests among the general public. In particular, we will focus on three examples: (1) Optimal portfolio choices, e.g. Kelly and Merton criteria. (2) The binomial model for option pricing. (3) Axioms for risk measures.
Date/Time March 11 (Tuesday) 2014 / 4.00-5.00pm
Venue NUS, LT31
Registration For catering purposes, we request all attendees to register. School teachers may do group registration for their students and teachers by choosing the "group registration" option and indicate the number of people attending the lecture in the online registration form.
Registration Fees Free
Coordinator Dr Ng Kah Loon