Financial Mathematics Text

Wednesday, January 14, 2015

Financial Mathematics: Statistics - Properties of Distributions

Probability distributions have a number of properties which help us summarize and characterize them. We'll look at some of these properties, how they are calculated and what they are used for.


I) Mean
II) Median
III) Variance
IV) Skewness
V) Kurtosis

Thursday, January 1, 2015

The Obsolescence of Time

Every year we perform a collection of rituals which include, but are not limited to:
  • Staying up late.
  • Drinking, lots of drinking.1
  • Watching a big colorful ball drop. 
  • Writing "resolutions", a list of things we'll fail to do in the upcoming year (or week.)
We dub these rituals "New Year's Celebrations" for the New Year's holiday.