Reporting the noise: physics looks at finance

Condensed Matter lunchtime seminar

Reporting the noise: physics looks at finance

  • Event time: 1:00pm
  • Event date: 13th August 2007
  • Speaker: Lawrence Mitchell (Formerly School of Physics & Astronomy, University of Edinburgh)
  • Location: Room 2511,

Event details

I will introduce some of the basic ideas behind money-making in financial markets, specifically option pricing. The Black-Scholes model of option pricing, despite a number of flaws, is still widely used. I shall discuss recent attempts to improve the model and report some early research into reproducing market behaviour with a simple model.

This is a weekly series of informal talks given primarily by members of the soft condensed matter and statistical mechanics groups, but is also open to members of other groups and external visitors. The aim of the series is to promote discussion and learning of various topics at a level suitable to the broad background of the group. Everyone is welcome to attend..

Find out more about Condensed Matter lunchtime seminars.