Stochastic processes provide a probabilistic framework to model the time-evolving uncertainty intrinsic to financial markets. By characterising random movements such as asset prices, interest rates ...

Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.

Anton Braverman joined the Operations group at Kellogg in 2017. He completed his PhD in Operations Research from Cornell University, and holds a Bachelor's degree in Mathematics and Statistics from ...