上财系列金融风险控制与管理QMRFinancetheory.ppt

Quantitative Risk Management - Finance Theory Written by Ming-Heng Zhang ? Quantitative Study The quantitative study of how people acquire and invest their money borrows a great deal from the hard sciences Robert Brown (1773-1858) Brown, R. “A brief account of microscopical observations made in the months of June, July and August 1827, on the particles contained in the pollen of plants; and on the general existence of active molecules in organic and inorganic bodies,” Edinburgh New Philosophical Journal 5, 358-371;1828 The term Brownian motion (in honor of the botanist Robert Brown) refers t