donderdag 28 april 2011

Math rewarding

Posted: 14 March 2011 10: 16 AM | Posted By: Paul Wilmott.
Related categories: General, we hear a lot about how talent will leave an important financial centre if tax regulations will not be accepted. People move to the location very good brands are more or less, but it seems he has never received as much talent is not capable of this "special" really?

This integration I have often said that the mathematics of finance quant simplicity if correct and introducing the concept to immediately take himself: measure the ratio of salaries in General in the field, estimated difficulty of the concepts in that field. How good the quant is closed against the aeronautical engineer.

And salaries associated with talent?

Quantifying that math is hard. For in the rates section, which is difficult. Inspired by the types of differential equations that the visible in many physical sciences, both in financial, we might begin as follows:

Dish planet 5 scores 10 elliptic equations, hyperbolic or mix 15.

Four or less 5 points more than five or 10 points.

Linear no points. Objection 10 points.

Aero engineer may have that ratio 5 (after rescaling by 1000 to give neater number), a whopping 30 quant.

In other words Aero engineer should be salary of quant and vice versa.

P


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