The 1999 Marden Lecture

Mathematical Sciences
University of Wisconsin-Milwaukee

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This year's Marden Lecture will be held on Friday, April 16, 1999, at 2:30 pm in Bolton Hall, room 150 on the campus of the University of Wisconsin-Milwaukee.
Look here for some campus maps.

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Applications of Mathematics on Wall Street and Beyond

Professor Alexander Lipton-Lifschitz
Bankers Trust and University of Illinois at Chicago

Prof. Lipton holds a PhD in pure mathematics from Moscow State University. He worked at the Russian Academy of Sciences, MIT, the University of Massachusetts, and was a consultant at Los Alamos National Laboratory. He has taught numerous courses and has conducted research on analytical and numerical methods for fluid dynamics, astrophysics, and mathematical finance. He is an author of one book and more than 70 research papers. At present he is a vice president and senior quantitative analyst in the global analytics group at Bankers Trust and a professor of mathematics at the University of Illinois. He specializes in modeling equity, fixed income, and risky derivatives.

Abstract of talk

Prof. Lipton will talk about applications of mathematics to managing risk by banks and other financial institutions. These applications include modeling the dynamics of the stock market using random and deterministic processes, statistical estimation of market parameters, and analytical and numerical solutions of the models. Interpretations of mathematical results in the language of the financial applications often leads to the construction of new financial instruments, deepens the understanding of the complexity of financial markets, and suggests optimal investment strategies. Prof. Lipton will also talk about his own work experience at Bankers Trust.

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This program is free and open to the public. A reception will follow in room E495A of the EMS Building.
The lecture is supported by the Morris and Miriam Marden Fund and is co-sponsored by the Department of Mathematical Sciences. For more information, contact Malgorzata Klosek at 229-4863 or mklosek@uwm.edu.

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