Dr. Alex Alvarez, School of Mathematical and Computational Sciences, will give a presentatio, Martingales In Financial Mathematics, on Monday, March 20 from 3:00 to 3:50 pm in MCDH Rm. 246.

Abstract:
In the early 1970s Black, Scholes and Merton made a groundbreaking contribution to the financial world by providing a formula for the pricing of certain class of financial derivatives called options. Since that time, new financial products have become increasingly complex. In this talk we will see how advanced mathematical tools, and in particular the notion of martingale, have been at the center of many developments in the field of quantitative finance during the last few decades.

All are welcome!