Probability Theory Vrije Universiteit Brussel
TOPIC A : Mathematical Finance Development of theoretical models of stochastic processes that describe prices of bonds and stocks. The main difficulty is the modelling of the no-arbitrage condition. TOPIC B : Modelling of interest rates Design of a model of short term interest rates, applying the general ideas of model building By the no-arbitrage theory this implies a model for the bond market TOPIC C : Risk Theory and Life Insurance ...