On the Virtues of Monte Carlo Simulation – even for mathematicians (and actuaries)

When: Wednesday, September 19, 2012, 11:30am-12:20pm

Gary A. HatfieldWhere: Olin Hall 318

Presenter: Gary A Hatfield, PhD FSA CFA CERA MAAA Investment Actuary, Corporate Actuarial, Securian Financial Group

Over my years as an actuary, I have developed a deep appreciate of the power and value that Monte Carlo simulation brings as tool
for gaining insight to various problems. In this talk, I will illustrate by examples why Monte Carlo can be so powerful even though many may not view it as “real” mathematics. The examples are taken from my real life but should be readily accessible to undergraduates.

Given time, I hope to speak a little on careers in actuarial science and quantitative finance.

Lunch will be served.

This presentation is part of the MCS Seminar series; please see the calendar of upcoming events.