SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by gardener3
February 27th, 2006, 12:17 am
Forum: Brainteaser Forum
Topic: Pennies game
Replies: 11
Views: 117930

Pennies game

<t>I apologize in advance if this has already been posted.Cosider the following game: Player 1 places a penny on a table. Then Player 2 goes and places his own penny anywhere on the table except on top of Player 1's penny. And so the game continues untill whole table is covered with pennies. There a...
by gardener3
February 21st, 2006, 4:48 pm
Forum: Careers Forum
Topic: Game Theory and QF
Replies: 11
Views: 118842

Game Theory and QF

<r>on that point: <URL url="http://arielrubinstein.tau.ac.il/papers/Pa.pdfQuoteOriginally"><LINK_TEXT text="http://arielrubinstein.tau.ac.il/papers ... Originally">http://arielrubinstein.tau.ac.il/papers/Pa.pdfQuoteOriginally</LINK_TEXT></URL> posted by: jorgenbgI've done a course in game theory. We...
by gardener3
February 21st, 2006, 2:40 am
Forum: Technical Forum
Topic: Earnings at Risk (EAR) Computation
Replies: 41
Views: 123989

Earnings at Risk (EAR) Computation

<t>What I was trying to get at was slightly different. You can price the loan using the rate (risk free or tp rate plus the add-ons) on the loan. But then essentially you'll be pricing the loan at par. This is not particularly useful especially if you did not think that risk was properly priced by t...
by gardener3
February 17th, 2006, 8:14 pm
Forum: Careers Forum
Topic: What is the fate of this kind of a Ph.D. student in Mathematics
Replies: 48
Views: 121762

What is the fate of this kind of a Ph.D. student in Mathematics

<t>QuoteOriginally posted by: CarolynT$150K is for assistnat professors in top 20 universities, I guess. How about the salary for third tier university?As I said earlier the average is higher for top 20. The survey covers mostly 3rd tier unis, if you define 1st-2nd tier to be phd granting research u...
by gardener3
February 17th, 2006, 7:18 pm
Forum: Technical Forum
Topic: Earnings at Risk (EAR) Computation
Replies: 41
Views: 123989

Earnings at Risk (EAR) Computation

what discount rate do you use for loans that are not traded? suppose you want to calculate credit risk for a retail portfolio and you want to calculate value losses as opposed default losses for credit events. how would you go about figuring the discount rate?
by gardener3
February 16th, 2006, 9:30 pm
Forum: Careers Forum
Topic: Game Theory and QF
Replies: 11
Views: 118842

Game Theory and QF

<t>I think there does exist a large literature, but depends on what you mean by QF and game theory. most theory papers make use of game theory one way or other. check out the somewhat outdated and short survey by allen and morris - 'finance applications of game theory'.and brunnermeier's book 'asset...
by gardener3
February 16th, 2006, 3:32 am
Forum: Careers Forum
Topic: What is the fate of this kind of a Ph.D. student in Mathematics
Replies: 48
Views: 121762

What is the fate of this kind of a Ph.D. student in Mathematics

<r>twofish,this survey may be more relevant:<URL url="http://www.aacsb.edu/knowledgeservices/home/SS-04ExecutiveSummary.pdfthe"><LINK_TEXT text="http://www.aacsb.edu/knowledgeservices/ ... ary.pdfthe">http://www.aacsb.edu/knowledgeservices/home/SS-04ExecutiveSummary.pdfthe</LINK_TEXT></URL> mean sal...
by gardener3
February 15th, 2006, 10:49 pm
Forum: Careers Forum
Topic: What is the fate of this kind of a Ph.D. student in Mathematics
Replies: 48
Views: 121762

What is the fate of this kind of a Ph.D. student in Mathematics

<t>In finance, I'd say the prob is more like 95% if you are from a top 20 school.QuoteOriginally posted by: meteorQuoteThat is only for the case math professor. I heard in the UK the salary of math professor is way lower than 60K USD.This is also true for finance prof. The only way you could achieve...
by gardener3
February 15th, 2006, 10:47 pm
Forum: Careers Forum
Topic: What is the fate of this kind of a Ph.D. student in Mathematics
Replies: 48
Views: 121762

What is the fate of this kind of a Ph.D. student in Mathematics

<t>That is actually not true in the US and Canada. it is rare for a finance department (in the top 30) to offer below $150K (incl. summer pay) The average I've observed has been $190K. same is true for canada (uoft, u alberta, uwo, and to some extent mcgill; ubc pays lower). QuoteOriginally posted b...
by gardener3
January 25th, 2006, 9:54 pm
Forum: Brainteaser Forum
Topic: 2 boxes
Replies: 7
Views: 121777

2 boxes

<t>I think the problem is that the X's are not the same when it is a higher amount vs. a lower amount. Suppose we have two outcomes x and y (x > y) and two boxes A and B. x and y is randomly placed in A and B. Suppose you are given A. The payoff from switching is:E(switching) = Pr(A contains X)*E(sw...
by gardener3
April 6th, 2004, 11:52 am
Forum: Careers Forum
Topic: .
Replies: 0
Views: 189057

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