Recent content by chaoticrambler

Monte carlo gives me 11.475%. Don't have an analytical expression though.

Lol is that sarcasm ? :-k

Trying to decipher how the computerized test is graded is an exercise in futility. You can probably make better use of your time by practising the questions. If you have any kind of quantitative education experience, it should be cake walk to get 780-800. 7% of all test takers getting 800 should...

What about Oksendal ? Like the first 5 chapters + some later material on diffusions ?

If you can solve with total confidence the problems on stochastic calculus in "Heard on the street" and Mark Joshi's interview book, you should be good to go. In interviews, the questions focus on basics. I think a lot of people struggle answering basic questions but have spent too much time on...

He was probably playing the Martingale. :-)

Yes hedge funds are more likely to have such positions, but Goldman Sachs has it too. Well I said CS background, because by nature algo-trading would involve more programming than traditional quant positions. As a CS grad, you probably have more background in data structures, algorithms...

There is a master reading list in the books forum you may want to have a look at. If you have a CS background, maybe gearing yourself towards algo-trading/stat-arb positions than derivative-pricing might be a good idea. But it depends on your priorities of course. I am preparing for...

To tackle these problems, the neoliberal model adopted by India will not work. Again, I am going off-topic with regard to the original post. Surely you don't think there is equitable growth in China ? And isn't China too a low cost producer vastly dependent on US/West. The difference being...

Wiki "monty hall problem"

They are not on the same level but I am sure US will like to see them at the same level sooner than later. More power to them. :) And what about the Chinese literate ? They are literate w.r.t to Germany ? And why do you believe all the numbers that come out of China anyways ? What is the level...

I don't think the universities in US will take your word on the conversion from your scale to GPA. You don't need to do anything if your university is known here.

I will repeat my opinion. Keep it simple AND keep it general at undergrad level. I would advise against doing a IE-OR or Finance undergrad (maybe you can get a minor..MAYBE). Learn lots of math, and also learn how to apply it (be it through physics or engineering classes). And get very good at...

Anything I say should be taken with grain of salt since I am an engineering PhD student. You need to show some interest in what people are doing in the department, but usually, it is not a wise idea to single out ONE professor in your SOP. Ofcourse, if you have already talked to him and his...

What do you mean PhD in quant ? You mean financial mathematics ? It is absolutely not necessary to have a topic to get admit into a PhD program, as far as engineering is concered. Don't know about math though.