Monday, January 29, 2007

The Thinkers: He brings higher mathematics to bear on high finance

The Thinkers: He brings higher mathematics to bear on high finance: "
"It's called stochastic calculus, a branch of mathematics that measures what happens in any system that is beset by random fluctuations.

Dr. Shreve, the Orion Hoch Professor of Mathematics at Carnegie Mellon University, does research into both the convertible bond and YouTube problems."
How could any pass up an article that has bogth convertible bonds and YouTube references?

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