Related Research Articles
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital. It thus provides the theoretical underpinning for much of finance.
David Sklansky is an American professional poker player and author. An early writer on poker strategy, he is known for his mathematical approach to the game. His key work The Theory of Poker presents fundamental principles on which much later analysis is based.
Russ Hamilton is an American poker player. He was the 1994 World Series of Poker main event champion, defeating Hugh Vincent in heads-up play to win $1 million in first-prize money as well as his body weight in silver. Following his World Series win, Hamilton served as a consultant for Ultimate Bet, an online poker server. In 2008, the Kahnawake Gaming Commission found Hamilton largely responsible for cheating players on Ultimate Bet out of $6.1 million through software that allowed access to opponents' hole cards. In 2009, Kahnawake increased the $6.1 million estimate to $22,100,000.
Edward Oakley Thorp is an American mathematics professor, author, hedge fund manager, and blackjack researcher. He pioneered the modern applications of probability theory, including the harnessing of very small correlations for reliable financial gain.
In mathematical finance, a Monte Carlo option model uses Monte Carlo methods to calculate the value of an option with multiple sources of uncertainty or with complicated features. The first application to option pricing was by Phelim Boyle in 1977. In 1996, M. Broadie and P. Glasserman showed how to price Asian options by Monte Carlo. An important development was the introduction in 1996 by Carriere of Monte Carlo methods for options with early exercise features.
Andrew Elliot Bloch is a professional poker player. He holds two electrical engineering degrees from MIT and a JD from Harvard Law School.
John Ferguson, known by his pen name, Stanford Wong, is a gambling author best known for his book Professional Blackjack, first published in 1975. Wong's computer program "Blackjack Analyzer", initially created for personal use, was one of the first pieces of commercially available blackjack odds analyzing software. Wong has appeared on TV multiple times as a blackjack tournament contestant or as a gambling expert. He owns a publishing house, Pi Yee Press, which has published books by other gambling authors including King Yao.
Computational finance is a branch of applied computer science that deals with problems of practical interest in finance. Some slightly different definitions are the study of data and algorithms currently used in finance and the mathematics of computer programs that realize financial models or systems.
BARGE, the Big August Rec.Gambling Excursion, is a yearly convention held in Las Vegas during the summer, usually a weekend in late July or the first weekend of August. It consists of a series of tournaments both of poker and other gambling games, as well as a banquet and a host of informal social and gambling activities organized by attendees. Some of the well-known poker players who have participated either as speakers or players in the no limit holdem tournament include: Howard Lederer, Chris Ferguson, Phil Hellmuth Jr, Greg Raymer, Mason Malmuth, David Sklansky, Mike Caro, Matt Matros, Linda Johnson, Phil Gordon, Paul Phillips, Andy Bloch, William Chen, Doyle Brunson and many others.
In finance, a price (premium) is paid or received for purchasing or selling options. This article discusses the calculation of this premium in general. For further detail, see: Mathematical finance § Derivatives pricing: the Q world for discussion of the mathematics; Financial engineering for the implementation; as well as Financial modeling § Quantitative finance generally.
Blair Rodman is an American professional poker player, based in Las Vegas, Nevada.
Arnold Snyder was a professional gambler and gambling author. He was elected by professional blackjack players as one of the seven original inductees into the Blackjack Hall of Fame – hosted at Barona Casino – for his contributions as a blackjack player and his innovations in professional gambling techniques. He was the first blackjack authority to publish the importance of deck penetration in card counting, in his 1980 book The Blackjack Formula. He was also the first blackjack researcher to argue that radical simplification of blackjack card counting systems did not substantially decrease earnings.
Michael Konik is an American author, television personality, jazz singer, improvisational comedian, blackjack player and poker player. Konik has a degree in Drama from New York University.
In statistics, stochastic volatility models are those in which the variance of a stochastic process is itself randomly distributed. They are used in the field of mathematical finance to evaluate derivative securities, such as options. The name derives from the models' treatment of the underlying security's volatility as a random process, governed by state variables such as the price level of the underlying security, the tendency of volatility to revert to some long-run mean value, and the variance of the volatility process itself, among others.
In finance, the Heston model, named after Steven L. Heston, is a mathematical model that describes the evolution of the volatility of an underlying asset. It is a stochastic volatility model: such a model assumes that the volatility of the asset is not constant, nor even deterministic, but follows a random process.
Steven Eugene Shreve is a mathematician and currently the Orion Hoch Professor of Mathematical Sciences at Carnegie Mellon University and the author of several major books on the mathematics of financial derivatives.
Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative structuring or pricing, risk management, investment management and other related finance occupations. The occupation is similar to those in industrial mathematics in other industries. The process usually consists of searching vast databases for patterns, such as correlations among liquid assets or price-movement patterns.
Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets.
Karel Janeček is a Czech mathematician, entrepreneur, anti-corruption campaigner, creator of the D21 – Janeček method voting system and the online game Prezident 21.
References
- 1 2 3 4 "Steve Heston". Maryland Smith. Archived from the original on March 25, 2024. Retrieved March 25, 2024.
- ↑ Steven L. Heston Archived September 29, 2011, at the Wayback Machine at the WilmottWiki Quantitative Finance database
- ↑ "Intraday Patterns in the Cross-Section of Stock Returns and international stock risk" Archived October 7, 2011, at the Wayback Machine , Columbia University, Center for Financial Engineering, 2009
- ↑ Heston, Steven L. (1993). "A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options". The Review of Financial Studies. 6 (2): 327–343. doi:10.1093/rfs/6.2.327. JSTOR 2962057.
- 1 2 "On the math behind the OPP card-counting system" Archived August 6, 2011, at the Wayback Machine from the Blackjack Forum magazine, Vol. XXV #1, Winter 2005/06, reprinted in Blackjack Forum Archived July 17, 2011, at the Wayback Machine online
- ↑ "Review of Kill Phil" Archived July 5, 2011, at the Wayback Machine , Poker Library
- ↑ "Poker Book Review: Kill Phil" Archived July 16, 2011, at the Wayback Machine (on the revised edition), Online Poker News, February 27, 2010
- ↑ Kill Phil: The Fast Track to Success in No-Limit Hold 'Em Poker Tournaments (Revised and Expanded Edition, 2009), Huntington Press, ISBN 978-1-935396-31-4
- ↑ Kill Everyone: Advanced Strategies for No-Limit Hold 'Em Poker, Tournaments, and Sit-n-Gos (Revised and Expanded Edition, 2009), Huntington Press, ISBN 978-1-935396-30-7
