The Stevanovich Center advances the understanding of the increasingly complex world of financial markets by integrating mathematics, statistics, and economics. The Center brings together leading academic researchers and financial professionals whose insights from daily experience in the markets can help translate theory into improved practice. This interaction will lead to more sophisticated tools to address challenges that range from analyzing, visualizing, and interpreting massive data sets, to building more accurate, tractable, and robust models to measure, price, and hedge risk.
A Unique Role
A number of professional programs have been established in the past decade following the University of Chicago’s pioneering Masters Program in Financial Mathematics. But just as teaching at a medical school rests on a combination of research in the life sciences and clinical practice, so the curriculum in any financial math program rests on the twin inputs of scientifically based research and practice in financial markets. This is the role of the Stevanovich Center, and why the participation of professionals in the markets is a key element of its success.
Activities
The Center holds workshops and conferences, publishes papers, and disseminates presentations via internet. When its newly refurbished building is open in 2009, it will provide physical space where University of Chicago researchers as well as visitors from academia and the marketplace can work, meet, discuss, share and debate ideas that advance our understanding of the mathematical basis of financial markets.
The future home of The Stevanovich Center