w88 casino News(Reporter Zhou Hao Photography Liu Tao)4month20日夜,The w88 casino of Finance at the w88 casino sincerely invites Wang Duo, the first dean and doctoral supervisor of the Department of Financial Mathematics at Peking University,In the Bo Xue Building of w88 casino6066474_6482This lecture is hosted by the Committee of the Communist Youth League of the w88 casino and hosted by the Student Union of the Youth League Committee of the w88 casino of Finance of the w88 casino.Wang Duo’s in-depth and simple teachings benefited the students present a lot and won warm applause from the students many times.
Wang Duo’s special performance
Wang Duo first pointed out that finance and all aspects of life are closely related and inseparable. He started from the connotation of finance and began his exquisite analysis of financial mathematics.
Wang Duo briefly introduced the founding process of the Department of Financial Mathematics at Peking University. When the Department of Financial Mathematics at Peking University was established, a professor pointed out that “finance will definitely be a hot topic of research” and “mathematics will definitely contribute to the development of finance.” He said that the training of mathematics and applied mathematics professionals should serve the main battlefield of the national economy and should address the country's urgent needs and focus on cultivating compound professionals that the country urgently needs.
Students on site listened carefully to Wang Duo’s lecture
Wang Duo introduced respectively1990Annual Economics Laureate Harry Markowitz, Merton Miller, William Sharp and their important contributions in financial mathematics, and introduced in detail Harry Markowitz's risk return and efficient frontier theory and William Sharp's capital asset pricing model. Then he introduced1997Robert Merton, winner of the Nobel Prize in Economics, and Black-Scholes taught about options and explained the Black-Scholes formula in detail. He pointed out that the contribution of mathematics to the development of financial industry cannot be underestimated.
Wang Duo talks about the impact of mathematics on financial development
In order to explain the connection between the financial tsunami, financial derivatives and financial mathematics, Wang Duo introduced in detail the causes of the Wall Street subprime mortgage crisis. He reflected that complex and even bizarre financial derivatives have an unshirkable responsibility for the expansion and development of financial bubbles, and excessive relaxation of financial supervision is an unforgivable crime. He pointed out that in our country, financial derivatives are far from meeting the needs of economic development. At present, there is an urgent need for compound talents who are proficient in quantitative analysis and financial mathematics. Therefore, we must continue to adhere to financial innovation.
He emphasized that financial mathematics requires solid basic knowledge and excellent analytical skills. Students who intend to engage in the financial industry should pay special attention to consolidating the foundation of economics and finance, probability and statistics, stochastic analysis, differential equations, computers, etc. Wang Duo particularly emphasized the importance of shaping personal moral quality. He expressed the hope that all students can contribute to the prosperity and healthy development of China's financial industry.
Late9：00, the organizer, w88 casino of Finance, presented flowers to Wang Duo to express his gratitude. The lecture of Huiyuan famous teachers came to an end with warm applause from the students present.
The organizer presented flowers to Wang Duo
Students’ questions on site
