Introduction to Stochastic Calculus
Back in undergraduate days, when I took my first module on financial mathematics, my professor introduced us by that the most important things are the following This is a probability triple where [...]
What are stochastic and deterministic processes?
During class, I occasionally mention to students that the calculus you learnt is deterministic and they go uh huh. So like what is non deterministic?! I’ll attempt to give some simple [...]
What is a Markov Process?
A few students that have great interest in going into financial mathematics, be in JC students or Uni students that were taught by me before, asked me where to start. So I often recommend them to [...]