To Actuarial Science Mailing List: Mr. Daniel Heyer from Nationwide Financial who is leading Nationwide's hedging team will give a sequence of evening seminar talks on quantitative finance. His first talk will be this Wednesday, the 28th, and the rest will be in the winter quarter. The prerequisite for the first introductory talk is some calculus based probability, for example the material in Math 530 or Stat 420. This is an excellent opportunity to listen directly to the expert in the industry how mathematics is used in finance and insurance and to learn what actuaries of the third kind (the other two kinds are life and health actuaries and property and casualty actuaries) do in their work. "Working presentation of derivative pricing theory" When: Wednesday, November 28, 6:00 pm Where: MA 240 Speaker: Daniel Heyer, FCAS, CQF Abstract: Introduction to basic market instruments and axioms that govern modeling; introduction to basic mathematical toolkit; development of model framework in martingale and SDE settings; brief presentation of formal, measure theoretic conditions and implications of models. Don't miss this rare opportunity! Chunsheng Ban Actuarial Science OSU, Dept. of Math