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Cuchulainn
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Joined: July 16th, 2004, 7:38 am

What is Computational Finance?

November 23rd, 2008, 12:47 pm

Any good definitions? As in the analogy:QuoteComputational biology is an interdisciplinary field that applies the techniques of computer science, applied mathematics and statistics to address biological problems. It encompasses the fields of...
Last edited by Cuchulainn on November 22nd, 2008, 11:00 pm, edited 1 time in total.
 
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Aaron
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Joined: July 23rd, 2001, 3:46 pm

What is Computational Finance?

November 23rd, 2008, 3:48 pm

I would say that is a better definition of quantitative biology than computational biology.I think of computation in general as a field of applied mathematics that overlaps with computer science. For most purposes, the field of application doesn't matter. Monte carlo integration or inversion of huge sparse matrices can use the same algorithms for physics or psychology or anything in between. If I have a financial problem that requires extensive computation, I don't go to a computational finance expert/journal/textbook, I go to a computation expert/journal/textbook.Therefore, I think of computational finance as the field populated by people who know something about computation and something about finance, and have practical experience computing financial problems. I don't think there's any more to it than that.
Last edited by Aaron on November 22nd, 2008, 11:00 pm, edited 1 time in total.
 
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bedouin
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Joined: November 5th, 2008, 4:36 am

What is Computational Finance?

November 23rd, 2008, 4:16 pm

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Last edited by bedouin on December 29th, 2008, 11:00 pm, edited 1 time in total.
 
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ppauper
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What is Computational Finance?

November 23rd, 2008, 5:33 pm

QuoteOriginally posted by: CuchulainnAny good definitions? As in the analogy:QuoteComputational biology is an interdisciplinary field that applies the techniques of computer science, applied mathematics and statistics to address biological problems. It encompasses the fields of...howsaboutComputational finance is an interdisciplinary field that applies the techniques of computer science, applied mathematics and statistics to address financial problems. It encompasses the fields of...