RRS905, Sir Run Run Shaw Building,
Ho Sin Hang Campus, Hong Kong Baptist University
For more than 100 years scientists struggled to understand how to quantitatively measure and regulate financial risks. In this lecture we present some milestones in the research of this crucially important subjects, contributed by Bachelier, Markowitz, Black-Scholes, etc. We also discuss some typical methods such as value at risk (VaR), shortfall, coherent risk measure, backward SDE and nonlinear expectations.