3/6/23, 7:53 PM SolidPoint | Summarize
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1. Introduction, Financial Terms and Concepts
MIT OpenCourseWare
This is the second time we are having this class. The purpose
of this course is really to give you a sampling menu to see
how mathematics is applied in modern finance and help you
to decide if this is a field that you would like to pursue in your
future career. In fact, last year when we finished the class, we
had a few students coming to work in the industry.. There are
80% of undergraduates in class, 20% of graduate students in
finance and business majors.. The class will be doing a bit
more polling along the way., mainly to get feedback of how
you feel about the class. If you feel the class is going too fast,
or the math part is too slow or the finance part is confusing,
the easiest way is really just to send us emails. At Morgan
Stanley. This is not called Vega, it 's called Kappa. Kappa is
actually a Greek letter. It's a measurement about a book or
portfolio or position 's sensitivity to volatility. So, what is
volatility? Which again, you will learn more in rigorous terms
how it's defined in mathematics.
Mathematical or quantitative finance is a rather new field. A
lot of these terms were newly introduced. The pricing model
of options was introduced in the [UNK] in the '70s. But it 's
not like finance was a quantitative profession to start with. SO
what we witness in the last 30 years was really a
transformation of the trading profession. There are many
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Paste Youtube Video URL here Summarize
1. Introduction, Financial Terms and Concepts
MIT OpenCourseWare
This is the second time we are having this class. The purpose
of this course is really to give you a sampling menu to see
how mathematics is applied in modern finance and help you
to decide if this is a field that you would like to pursue in your
future career. In fact, last year when we finished the class, we
had a few students coming to work in the industry.. There are
80% of undergraduates in class, 20% of graduate students in
finance and business majors.. The class will be doing a bit
more polling along the way., mainly to get feedback of how
you feel about the class. If you feel the class is going too fast,
or the math part is too slow or the finance part is confusing,
the easiest way is really just to send us emails. At Morgan
Stanley. This is not called Vega, it 's called Kappa. Kappa is
actually a Greek letter. It's a measurement about a book or
portfolio or position 's sensitivity to volatility. So, what is
volatility? Which again, you will learn more in rigorous terms
how it's defined in mathematics.
Mathematical or quantitative finance is a rather new field. A
lot of these terms were newly introduced. The pricing model
of options was introduced in the [UNK] in the '70s. But it 's
not like finance was a quantitative profession to start with. SO
what we witness in the last 30 years was really a
transformation of the trading profession. There are many
https://www.solidpoint.ai/summarize 1/3
