Colloquium Detail

POWs: Physicists on Wall Street

Date: 10/30/2006

Professor Emanuel Derman
Columbia University

Quantitative financial modeling seems to employ both the language and techniques of physics, but how similar are the two disciplines in theory and practice? This talk discusses the move from physics to finance, the nature of financial modeling and its deceptive similarity with theoretical physics, what it's like to work in the financial arena, and some of the open problems of interest.