حق نسخه‌برداری (کپی رایت)

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۱۳۸۹ فروردین ۲۴, سه‌شنبه

Financial mathematics and mathematical finance

Once I believed that "mathematical finance" is a kind of fault phrase and the correct phrase should be "financial mathematics". Actually, I recently changed my mind. Both phrases bear a part of reality.
Financial mathematics reflects the fact that we use complex combination of stochastic analysis, numerical techniques and statistics.
On the other hand, mathematical finance reflects the fact that it is just finance, viewed as a physical systel, while trying to model it by pure thought and mathematics.

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