Dear visitors of the <span class="il">DissKoll</span> (Dissertantenkolloquium),<br>
<br>
On December 16, 2010, the <span class="il">DissKoll</span> will have its fourth talk in this semester.<br>
<br>
Johannes Temme (University of Vienna) will talk about "Utility Maximization and (maybe) Stochastic Dominance ".<br>
<br>
Johannes Temme<br>
Utility Maximization and (maybe) Stochastic Dominance <br>
Abstract:<br>
<br>
A novice might think that mathematical finance is only about developing
strategies to get rich as fast as possible. Well, this is - of course -
by no means the case. However, the optimal composition of a portfolio
and the question "How should I spend and invest my money in order to
maximize my utility from terminal wealth at the end of this year?" are
basic problems in mathematical finance. In this talk we start with a
heuristic introduction to financial markets, risk aversion of an
economic agent, and utility functions. If time allows we might also
discuss connections between risk aversion and stochastic dominance,
i.e., whether the above "optimal" portfolios of two different economic
agents can be "ordered stochastically", and - most importantly - why
this stochastic ordering is actually interesting.
<br>
<br>
Thursday, December 16, 2010, 16:15, Room C 7.14<br>
Coffee and cakes served from 16:00 in the Common Room C 2.06<br>
<br>
Program and further information you can find at<br>
<a href="http://www.mat.univie.ac.at/%7Edisskoll/" target="_blank">http://www.mat.univie.ac.at/~<span class="il">disskoll</span>/</a><br>
<br>
If you are interested in giving a talk, then please contact Klemens<br>
Katterbauer via the below given E-mail address or cell phone number.<br>
<br>
To join the mailing list, visit<br>
<a href="http://www.mat.univie.ac.at/mailman/listinfo/disskoll" target="_blank">http://www.mat.univie.ac.at/mailman/listinfo/<span class="il">disskoll</span></a><br>
<br>
Comments and feedback are welcomed.<br>
<br>
We are looking forward to your attendance,<br>
<br>
Johannes Temme<br>
Clemens Hanel<br>
<font color="#888888">Klemens Katterbauer</font><br clear="all"> <br><br> <br>