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Returns and Log Returns; what is stochastic calculus?
Tuesday, March 22
8-9 am US Central Time
Register here | The Zoom information will be emailed to you once you registerProfessor Richard Sowers
We'll look at returns and the logarithm of stock prices. It turns out, that since the logarithm function is nonlinear, we get some interesting results which distinguish stochastic processes from their deterministic counterparts. We arrive at a calculation which brings us to the doorstep of Ito Calculus.