1 00:00:00,500 --> 00:00:06,650 welcome to nature methods for mathematical finance electrostatic 2 00:00:06,650 --> 00:00:16,099 small motivation ok and maybe when doing that, the eu get the interpretation of 3 00:00:16,099 --> 00:00:28,090 the aim of the selection of course des let's think i did you know merkel 4 00:00:42,160 --> 00:00:53,510 messe.de conscience on collector merkel method the owner title for 5 00:00:53,510 --> 00:01:01,620 mathematical finals and application woman mathematician finals as well as des 6 00:01:01,620 --> 00:01:11,150 messers in mathematics finance and 7 00:01:11,150 --> 00:01:13,180 u 8 00:01:17,030 --> 00:01:20,430 [Music] 9 00:01:31,900 --> 00:01:35,980 tourism modeling 10 00:01:36,940 --> 00:01:42,010 mm mr christian so vanessa modeling of the black scholes model das baby one 11 00:01:42,010 --> 00:01:51,790 model juni family is black scholes model baby you can indicated resource 12 00:01:51,790 --> 00:02:02,670 once the first service pack was the latitude xt2 this is implementation 13 00:02:08,560 --> 00:02:15,360 sport supplies and in combination so for 14 00:02:15,360 --> 00:02:17,540 example 15 00:02:19,600 --> 00:02:24,560 we're working so that the modeler should implement this 16 00:02:24,560 --> 00:02:32,810 and in advantage because of you know me you can improve the implementation so 17 00:02:32,810 --> 00:02:40,450 josef better safe and co 18 00:02:45,490 --> 00:02:48,490 simplex 19 00:02:49,900 --> 00:02:58,280 need to do of the work well you do some operation be it always import full 20 00:02:58,280 --> 00:03:02,480 implementation to understand what ended 21 00:03:02,480 --> 00:03:10,130 the application provider think for publication new haven interpretation ob 22 00:03:10,130 --> 00:03:17,870 she math object and is ready it immediately saturday has the tall sexy model 23 00:03:17,870 --> 00:03:27,400 stock price that the application is profiling you go as some intuition 24 00:03:27,400 --> 00:03:46,180 motivation okay so what not only that we need intuition whether the math 25 00:03:46,180 --> 00:03:52,790 math landers turning to ride with the software now also privately as well as 26 00:03:52,790 --> 00:04:00,280 du gut implementation and his merkel messe that's the lot of things back 27 00:04:00,280 --> 00:04:06,500 and for example if you have implementation and effects nicely done 28 00:04:06,500 --> 00:04:13,530 when you can use the implementation 29 00:04:17,609 --> 00:04:20,719 he is suffering 30 00:04:24,970 --> 00:04:33,130 to make 0 experiments manager software media multi 31 00:04:33,130 --> 00:04:40,130 kulti starts formula observation web surfs something in dino merkel 32 00:04:40,130 --> 00:04:49,400 Experiments on the disco hit back to the teachers and modeling by providing new 33 00:04:49,400 --> 00:04:51,760 insights 34 00:05:02,019 --> 00:05:07,969 the computer in view implementation all live whose advantage of the third 35 00:05:07,969 --> 00:05:15,799 point and really nice league apple.com software design for example if i 36 00:05:15,799 --> 00:05:21,079 bachelor thesis or master of this major stripe at the kotti matlab believe you will 37 00:05:21,079 --> 00:05:24,369 discotheques never lie in you just right down 38 00:05:24,369 --> 00:05:31,189 that can be to love you that its software that you can read it will be 39 00:05:31,189 --> 00:05:38,360 paid disappointment that's an example of babies frings work 40 00:05:38,360 --> 00:05:46,429 together a few have mathematician model jobs modeling pacino or the models 41 00:05:46,429 --> 00:05:51,439 success traffic light the volatility parameter is funny so llosa math 42 00:05:51,439 --> 00:05:56,389 santos from serbian because in your computer program maybe you can prepare 43 00:05:56,389 --> 00:06:04,099 prepare for disease week and you can't design your program for exchange also 44 00:06:04,099 --> 00:06:08,709 that his people station password 45 00:06:14,829 --> 00:06:27,829 the application program is design for external belletti slater so des sbb you 46 00:06:27,829 --> 00:06:35,329 may have the lecture so elected to order frings in combination in the delivery 47 00:06:35,329 --> 00:06:44,899 frieze important and link too gladly so together it applications to mathematics 48 00:06:44,899 --> 00:06:51,919 finance and state of the art software development tools julis tools and how to 49 00:06:51,919 --> 00:07:02,319 work with them also in discourse so easy location training and the job okay like that 50 00:07:02,330 --> 00:07:09,819 another motivation and editing by the application manager black scholes model 51 00:07:10,360 --> 00:07:27,199 for god of thunder scott sutters coding willi knowing to finally here we come to 52 00:07:27,199 --> 00:07:38,020 life ok so close to people black scholes model alena der motivation 53 00:07:38,020 --> 00:07:43,789 so i came from the but application hall wet so familiar with the application to 54 00:07:43,789 --> 00:07:50,800 so skip them 55 00:07:52,509 --> 00:08:02,509 sorry complex model so in the model risk patient he is in ordinary 56 00:08:02,509 --> 00:08:09,580 differences creation clubs that is still intended 57 00:08:10,280 --> 00:08:16,350 the queen parati nordgren differentiation maybe you know that the 58 00:08:16,350 --> 00:08:24,169 solution to the value p zero is the exponential function 59 00:08:28,129 --> 00:08:35,349 because often there is a zero times exponent 60 00:08:35,649 --> 00:08:49,940 so it is that luschkow the duke at ssd end further at nts every computing time 61 00:08:49,940 --> 00:08:56,089 the interstate empty lately is differentiated on the laga know yes 62 00:08:56,089 --> 00:09:06,259 even eating is an area where he has such a strong special exit hans orf 63 00:09:06,259 --> 00:09:20,350 exponents wrong to mediatrade it here so it is and sncf special wish 64 00:09:22,660 --> 00:09:29,930 when all the games and the model end the aim for the first time 65 00:09:29,930 --> 00:09:39,649 the esa it the hectic everyday life happy end of you tonight with it now you the 66 00:09:39,649 --> 00:09:47,110 dis is actually the it is on the violence with it 67 00:09:47,110 --> 00:09:58,560 hd + sigmar gabriel hopes they can't get some intuition with replacing that 68 00:09:58,560 --> 00:10:05,470 the bayern celebrated franz solwodi there is at the delta 69 00:10:05,470 --> 00:10:10,740 so it is young the eat its delta 70 00:10:11,529 --> 00:10:16,239 with disco sda times sunday partie 71 00:10:24,920 --> 00:10:32,730 rich melzer discrete times that which means am looking at the disco it change 72 00:10:32,730 --> 00:10:40,760 of data it is just delta it is on the delta deep even next step mine 73 00:10:40,760 --> 00:10:55,700 software clear here a disney bad sodener parties here 74 00:10:55,700 --> 00:11:03,300 random change normally distributed this is how rogers hear you would follow me be 75 00:11:03,300 --> 00:11:10,680 the exponents but you have some random and the pension movement comes from his 76 00:11:10,680 --> 00:11:16,070 party and we have 77 00:11:16,830 --> 00:11:25,030 if advertising or different realization on the 1st 78 00:11:25,030 --> 00:11:37,230 the realization is often something to change ok so the model 79 00:11:42,520 --> 00:11:53,020 and by doing the replacement on the difference spread usa delta american 80 00:11:53,020 --> 00:11:59,450 approximation now your the some kind of american message and what yours that 81 00:11:59,450 --> 00:12:06,040 model yes do something like that recap model 82 00:12:06,610 --> 00:12:17,320 it is sorts for that so that one on your christian smit ceo of the sqs 83 00:12:17,320 --> 00:12:24,230 touristic because we have some stream yes such a major statement ferry 84 00:12:24,230 --> 00:12:31,370 letter is the simulation is performed differently 85 00:12:31,370 --> 00:12:43,700 propublica that's every qnx car called the value of the future of summer termin 86 00:12:43,700 --> 00:12:51,339 with 2k play off the second then as well as helper simulation on p 87 00:12:52,240 --> 00:13:00,149 brendan bell user generated from des models that the future point in time 88 00:13:00,149 --> 00:13:07,450 capital tpg what okay the different values ​​possible here yes so yancey the 89 00:13:07,450 --> 00:13:19,959 default values ​​postel smmp jona wrong on the random advertising pr wrong on the 90 00:13:19,959 --> 00:13:28,110 run webber into the run barbel is 91 00:13:32,649 --> 00:13:42,170 okay in the preview the future of the chat function on the race would be if 92 00:13:42,170 --> 00:13:52,430 the way you are often is payment is the expectations 93 00:13:55,500 --> 00:13:59,950 other coach saudis here is related to seek 94 00:13:59,950 --> 00:14:05,200 you actually the cow is related to perfect has a far base here 95 00:14:05,200 --> 00:14:13,860 that is a detail has ron tutor stress just want to tell you ok wien ots am 4 m 96 00:14:13,860 --> 00:14:20,370 12 m dancers like notebooks calculation expectation as auto as calculated 97 00:14:20,370 --> 00:14:26,580 expectations of tea 98 00:14:32,980 --> 00:14:36,190 thanks to do 99 00:14:39,870 --> 00:14:43,320 approx email 100 00:14:45,580 --> 00:14:49,360 an expectation 101 00:14:51,740 --> 00:15:03,540 also random copywriters race advertising is how often the violence at nfc and how often 102 00:15:03,540 --> 00:15:11,899 this function often so how to be creative software as well as construct 103 00:15:21,009 --> 00:15:30,129 softie okay to this tour things expectations of the bubbles and 104 00:15:30,129 --> 00:15:38,379 Construction of rebel woman murdered 105 00:15:50,970 --> 00:15:57,330 But that is model word asset capital 106 00:15:57,750 --> 00:16:06,030 and once we have to be cargo put down 107 00:16:06,090 --> 00:16:15,580 expectations of lies question star kelly biniez calculates expectations and 108 00:16:15,580 --> 00:16:20,640 often generate it like need to know merkel messe 109 00:16:20,640 --> 00:16:31,280 this will be the next chapter after the jump if you today is likely to be 110 00:16:35,020 --> 00:16:39,600 chapter and monte carlo simulation 111 00:16:41,850 --> 00:16:54,000 the monte carlo messe and the monte carlo message to actually a 112 00:16:54,000 --> 00:17:01,820 proxy made expectations and other properties girlfriend barbel and more 113 00:17:01,820 --> 00:17:09,810 powerful and nice because it is so are defective as the simple is ours 114 00:17:09,810 --> 00:17:16,020 import before the computer implementation anyway the one before the vg 115 00:17:16,020 --> 00:17:31,340 implemented by the second part how can we construct renovables of capital 116 00:17:32,350 --> 00:18:10,990 next to model parameters parameter classic radio gmbh - funny that this is the case here 117 00:18:10,990 --> 00:18:16,159 it's this parameter and how to be it goes 118 00:18:16,159 --> 00:18:22,359 often like the second part 119 00:18:23,750 --> 00:18:32,990 and one example is here and of suffering like kurt replacing morde infinite sma 120 00:18:32,990 --> 00:18:42,370 operator the difference at Einheit Friends is getting older 121 00:18:42,370 --> 00:18:45,470 [Music] 122 00:18:48,470 --> 00:18:51,490 continue like this the 3rd 123 00:18:51,490 --> 00:19:01,990 often the difference on asset thieplatz is sometimes tab my es that 124 00:19:01,990 --> 00:19:12,490 in contact there is model-jobs source polly peachum ruhe to 125 00:19:12,490 --> 00:19:20,850 create value from previews values ​​okay that already 126 00:19:22,070 --> 00:19:29,909 enormous hedge knives ok have to prove that works also that is 127 00:19:29,909 --> 00:19:36,450 the baby do some math and profinet des works power i have to check 128 00:19:36,450 --> 00:19:45,049 for that and method of the matter if it's so that second part 129 00:19:49,400 --> 00:19:51,490 Yes 130 00:19:51,879 --> 00:19:55,440 is the discussion 131 00:20:02,470 --> 00:20:09,739 on stochastics difference recreations ok includes how combine do this around 132 00:20:09,739 --> 00:20:17,749 Blackmailers like kml kelly are supposed to look at the proplanta value collection 133 00:20:17,749 --> 00:20:25,960 okay, something like that is planned for the medium motivation session