This is a simple Wiener Integral and it's gaussian.For the proof see the definition of the wiener integral.Expectation is 0 (Martingale)and variance is (1-exp(-2kT))/2k (Isometry property)

It depends on the university.I know that you can do a phd in Finance without knowing Frenchin Toulouse 1. I know a lot af chinese, and russian who get theirPhd there.

It depends on the university.I know that you can do a phd in Finance without knowing Frenchin Toulouse 1. I know a lot af chinese, and russian who get theyPhd there.

<t>I think It always depends on the hypotheses.If you suppose the efficience of markets, it can be proved mathematically that the drift does not matter.For proof, you can see the book of Rochet and Demange(Methodes mathematiques de la finance). Sorry the book is in french.if you don't believe in mar...

Why do you want to get a MFE?

<t>Hi,with a phd and without financial experience : average starting salary in montreal is between 50K and 60K canadians dollars.I worked in Montreal for 2 years.I' m now in Toronto where the salary it's much higher(60K-80K).I don't know about New York, but I assume 70K-100K in US dollars for a phd....

Do you have finance experience?

Hera are useful typs to speed up Excel-vbahttp://www.avdf.com/apr98/art_ot003.html

Indeed, in complete market as in the BS world, Expected return does not matter. But this is not the case in real world(incomplete market).

you can check this book also.Ant Colony Optimization by Marco Dorigo and Thomas StützleMarco Dorigo is the inventor of this method.

In the book "Methaheuristiques pour l'optimisation difficille", there is a chapter on ant colony optimization.But as you notice, the book is in french.

The problem is when you don't know the distribution of your data.In this case Box-Cox transformation

Thank you.

Errrb,I don't know what you put in "sophisticated quantitative strategies".But if you use Statistical methods in those strategies, you need measure theory. By the way I was a dancer in my previous life.Merry Christmas

Errrb,don't forget that a probability is a measure !!!!!!!!!!Franck