thank you, mj!!!But i can not find that book in my school.....that book seems to be awesome, i might wanna get one sometime. so anyone knows about the approach to do that?thanks again!

Hey,Could anyone help me with generating a geometric random variable with parameter p using an acceptance-rejection method? Thanks a lot!

<t>Hey there,I wanna ask if you guys know what schools are specialized or reputated in the areas of probability or applied probability? I want to apply for some graduate programs to focus on the study of theoretical and applied probabilities. I would appreciate it trillions and trillions if you guys...

Hi, there, Where are good places to do PHD in financial econometrics? Thanks in advance!!!

The website is http://www.isb.unizh.ch/phd-finance/I think it is a very good program. Your opinion?

Hi, Recently i find there is a finance PHD program in the University of Zurich, FINRISK, Financial valuation and Risk Managemnet. Do u think it is worthwhile to do phd there instead of USA? How good is it compared with the USA top Finance PHD programs? Any of your opinions are welcome!

<t>Hi, all, I am going to take a course of Survival analysis in the math department 'cause I read on this forum that survival analysis is useful in finance and economics. I have tried to find some related topics in the application of survival analysis in finance and economics. I have tried to find s...

<t>Yeah, the variables I use seem to have different orders, the price index pt, is stationary with first difference, and has order 11 using Newy-west method, and the GDP yt is stationary with first difference, but has order 2, the exchange rate et is stationary with first difference and has order 4,...

<t>Thanks for your help! First, my four variables are exchange rate, nominal interest rate (the two are first difference statioanary), domestic output series(strong seasonality and trend) yt, domestic price variable pt (typical upward trend). the data is Sweden's data. Second, VAR is vector autoregr...

<t>Hi, I am doing a VAR project, but encountering a few questions. First, I have four variables, two of them are first difference stationary, but the other two are not stationary, and not sationary by first difference, second difference, taking log,and log difference. It seems that there is seasonal...

Thank you very much, MJ. It seems more clearer to me. I will try to find the books to read and figure that out. Mackinn

<t>Thanks for your reply, MJ. You know I am a newcomer into finance. Please forgive my ignorance. I am quite confused of some definitions. You mean that there are two approaches to derivative pricing, martingale approach and finite difference. the first depends on B.M. and the latter relies in PDE. ...

<t>Hi, When I took an advanced partial differential equations course, the heat kernel part aroused great interest to me. Later when I read more relevent with heat kernel equations, I find that the heat kernel equations are in some way related to the Brownian Motion. Since the Browian motion is the t...

<t>But how can we accurately describe the relationship between them? I think finance is a eveloved from economics, in some way, a branch of economics. And its evolvement depends greatly on natural science and engineering. For instance, stochastic process besed on the theory of Brownian Motion and th...

<t>Hi, Can I understand Finance theory like the following ? No further dramatic advancement in finance theory would have been made without resoting to the development of natural science, especially mathematics and physics, and engineering techniques, and economics theory are the most fundamental to ...