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by jt9071
November 17th, 2011, 6:31 pm
Forum: Student Forum
Topic: Confusion about Kolmogorov Backwards Equation
Replies: 1
Views: 16200

Confusion about Kolmogorov Backwards Equation

<t>May I ask, considering the Kolmogorov Backwards Equation (or the Black-Scholes PDE) and Geometric Brownian Motion (i.e. the modelling behind Black-Scholes). Why doesn't the probability density function for the log-normal distribution satisfy Kolmogorov's PDE? (Although many people say Geometric B...
by jt9071
October 4th, 2011, 3:38 pm
Forum: General Forum
Topic: Could regulation on uncovered short selling imply limited use of unlimited loss options?
Replies: 1
Views: 17635

Could regulation on uncovered short selling imply limited use of unlimited loss options?

<r>Dear all,I am currently writing a mathematical paper on CEV option valuation. I was wondering if people knew much about any (UK) government plans to regulate uncovered short selling?Also, if this happened, would this imply more use of capped style options and or binary options?Many thanks,<EMAIL ...
by jt9071
September 14th, 2011, 12:56 pm
Forum: Careers Forum
Topic: Ideas for MSc/PhDs - Courses/Funding (ideally in the UK)
Replies: 5
Views: 18418

Ideas for MSc/PhDs - Courses/Funding (ideally in the UK)

<t>Ah, slight complication in that area of student loans. I signed on to a 3 year degree, so I've used up my options with the student loans company (minimal interest), which means I'd have to do it privately. Is that really viable whilst doing a PhD after, it'd be not until 3-4 years later as to whe...
by jt9071
September 14th, 2011, 12:27 pm
Forum: The Quantitative Finance FAQs Project
Topic: What is Bayesian Statistics?
Replies: 4
Views: 45196

What is Bayesian Statistics?

It's the idea that instead of looking at the probability of data fitting a model - It's optimising the probability that the model fits the data.
by jt9071
September 14th, 2011, 12:18 pm
Forum: Careers Forum
Topic: Ideas for MSc/PhDs - Courses/Funding (ideally in the UK)
Replies: 5
Views: 18418

Ideas for MSc/PhDs - Courses/Funding (ideally in the UK)

<r>To all those who read, I would appreciate your advise!I'm currently at quite a critical junction as a mere 21 year old. I'm wanting to (one day) become a mathematical Quant, building market models and pricing systems etc etc but I'm at a stage where I need to pursue a Master's degree and perhaps ...
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