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COLOQUIOS DEL DEPARTAMENTO DE FÍSICA FCEYN - UBA<br>
<br>
En el Aula Seminario, 2do piso, Pab. I, <br>
<br>
Jueves 10/10, 14hs:<br>
<br>
MACIEJ TRZETRZELEWSKI<br>
<br>
CRISIL Global Risk & Analytics<br>
<br>
<br>
QUANT FINANCE - METHODS OF MATHEMATICAL PHYSICS IN FINANCE<br>
<br>
<br>
In this talk I will discuss models that are used nowadays to price<br>
derivative instruments (such as options, interest rate products) in the<br>
financial industry. I will try to convince the audience that these models<br>
are both practical and mathematically interesting - and therefore that<br>
working for e.g. a bank need not necessarily be a boring experience. <br>
<br>
<br>
<br>
>From a physicist viewpoint, financial models resemble very much<br>
considerations of Statistical Physics and hence it is not a surprise that<br>
financial practitioners use, quite frankly, the same mathematical methods<br>
as physicist do. However unlike in Physics, Quantitative Finance is not<br>
about making predictions but about "fair" pricing today. This subtle<br>
difference makes the objectives of these disciplines very different.<br>
<br>
<br>
<br>
Finally if times allows I will present my recent paper concerning<br>
"relativistic" extensions of the financial models. <br>
<br>
<br>
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