Mathematical Finance and Quantitative Techniques
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Questions and Answers

Who is considered to have written the first scholarly work on mathematical finance?

  • Edward Thorp
  • Fischer Black
  • Louis Bachelier (correct)
  • Myron Scholes

Which field heavily overlaps with mathematical finance and focuses on applications and modeling?

  • Risk management
  • Financial engineering (correct)
  • Derivatives pricing
  • Portfolio management

What did Edward Thorp initially invent using statistical methods before applying its principles to modern systematic investing?

  • Derivatives pricing
  • Card counting in blackjack (correct)
  • Stochastic asset models
  • Quantitative investing

Which work is considered to have led to the emergence of mathematical finance as a discipline in the 1970s?

<p>Fischer Black, Myron Scholes and Robert Merton's work on option pricing theory (D)</p> Signup and view all the answers

Which branch of finance requires advanced quantitative techniques and focuses on building tools of implementation for models?

<p>Computational finance (A)</p> Signup and view all the answers

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