Time：14:00-16:00, Saturday, April 20, 2024
Venue：E10-304
Host: Huayi Chen, ITS
Speaker 1：Monique Jeanblanc, Evry University
Title 1：Some Basic Facts in Finance
Abstract: In the talk we present some ideas of importance in finance. We emphasize the notion of risk and, as an example we present the Markovitz's methodology. We give a general definition and other examples. If time permits, we shall introduce a general utility function and give a solution for optimization problem in a general setting.
Speaker 2：Nicole El Karoui, Sorbonne University
Title 2：The Role of Time in Financial Markets and Their Models
Abstract: By definition, the future is unknown and only partially predictable. In economics, it's up to financial markets to manage this uncertainty. An example from ancient times is the "forward" sale of crops, at a price fixed today, to be paid when the crop, good or bad, is sold. The financial markets have generalized this practice, and offered other solutions with guarantees, on many other underlying assets, such as exchange rates and interest rates, indices Following up on the previous presentation, we'll explain which probabilistic models, such as the binomial tree and which financial arguments used to make such a market viable.
