Exploring Some Difficult Problems In Financial Engineering
Exploring Some Difficult Problems In Financial Engineering
Abstract:
The complexity of modern financial markets presents significant challenges across various domains, including derivative pricing, investment strategies, portfolio selection, interest rate modelling, and risk management. In this talk, we will explore several important problems in these areas, focusing on their underlying causes, the specific difficulties they pose, and the methodologies employed to address them. By examining the key drivers of complexity, we aim to demonstrate that, despite the seemingly complex nature of these challenges, a systematic understanding of their root causes enables the development of effective solutions. This discussion will highlight how to understand and overcome the difficulties encountered.
Professor Qiang Zhang holds a B.S. from Fudan University and an M.A. and Ph.D. from New York University. He was among the first cohort of students admitted to American universities through the CUSPEA program. Following his graduation, Professor Zhang held academic positions at the Courant Institute of Mathematical Sciences at New York University, the State University of New York at Stony Brook, and the City University of Hong Kong, where he held joint appointments in the Department of Mathematics, Department of Economics and Finance, and Department of Physics. Currently, Professor Zhang serves as a Professor in the Department of Mathematics at Beijing Normal - Hong Kong Baptist University and as a Professor in the Mathematics Research Center at Beijing Normal University. His research spans a diverse array of disciplines, including mathematical finance, fluid dynamics, scientific computing, statistics, groundwater ecology, granular materials, relativity, and quantum information. His work has been published in leading journals in these disciplines such as Physical Review Letters, Journal of Fluid Mechanics, Communications in Mathematical Physics, Annals of Statistics, Journal of Business, and Water Resources Research.