A New International Laboratory at the HSE
An International Laboratory of Quantitative Finance will open at the HSE, as part of a competition aimed at attracting leading scientists to Russian universities. It will be headed by one of the leading international experts in stochastic analysis and financial mathematics, Professor Yury Kabanov. Yury Kabanov, graduate of the Lomonosov Moscow State University Department of Mechanics and Mathematics, member of the prestigious European Academy (which includes only five mathematicians from Russia), founder of the international journal Finance and Stochastic, and Professor of mathematics at the University of Besancon, France, spoke to the HSE News Service.
On April 22, 2013, the Grant Council under the RF Government headed by Dmitry Livanov, Minister of Education and Science, announced the winners of the third grant competition aimed at attracting leading international academics to Russian universities and research centers. The project to create an International Laboratory of Quantitative Finance headed by professor Yury Kabanov was one of the winners.
As Professor Kabanov said in his interview to the HSE News Service, he held the first meetings with potential staff of the international laboratory at the end of May, including students and young researchers from the HSE who are interested in working in quantitative (mathematical) finance. The Laboratory will carry out purely theoretical studies as well as studies focused on those industries and businesses with a high demand for mathematical models.
The name ‘Laboratory of Quantitative Finance’, according to Yury Kabanov, has something in common with the name of the largest centre in this field, The Oxford-Man Institute of Quantitative Finance. Quantitative Finance is, primarily, a mathematical theory, also sometimes called financial mathematics. It is based on stochastic analysis – the theory of random processes and stochastic integration.
Just as ‘ordinary mathematics’ is the basis for applied engineering disciplines, financial mathematics, which involves refined mathematical concepts, is a basis for financial engineering. This is an applied area aimed at constructing and evaluating financial tools, risk evaluation, investment optimization, and other practical tasks.
According to Yury Kabanov, creating the Laboratory of Quantitative Finance at the Higher School of Economics will help consolidate and improve Russia’s position in this important area of applied mathematics and train staff able to carry out theoretical studies combined with practical, expert and consultation work.
Liudmila Mezentseva, HSE News Service
On June 1, the HSE Academic Council approved a list of new research laboratories at the University. Their respective research agendas cover various fields, from transcendent philosophy and international law to bioinformatics and visual perception and attention modeling. On June 5, all of the laboratories commenced their activities at five HSE faculties.
Three scholarships are being offered to HSE postgraduate students by the FMIM Centre for Qualitative Finance, which was created this summer by HSE’s International Laboratory of Quantitative Finance together with London-based investment company FMIM.
Professor Jonathan Linton, Power Corporation Professor for the Management of Technological Enterprise of the University of Ottawa, Canada, and Editor-in-Chief of the ‘Technovation‘ journal has been appointed as the new Head of the HSE Laboratory for Science and Technology Studies at ISSEK the Institute of Statistical Studies and Economics of Knowledge. In this interview for the HSE English Language News Servicel he talked about what he hopes to achieve in his new job.
Last year the HSE-Perm established a new Scientific Research Laboratory for Industrial Organization Empirical Analysis. Grigory Kosenok, Full Professor of the New Economic School and Research Manager of the Laboratory, talks about the laboratory and the International Conference on Applied Economics which will be held in Perm HSE in September on September 18-20, 2013 where international specialists to be keynote speakers at the Conference have been invited.
One of the HSE’s applications was a winner at the third competition to attract leading researchers to Russian universities. The competition was held by Decree No. 220 of the Government of the Russian Federation. A new Laboratory of Mathematical Finance at the HSE will be headed by Yury Kabanov, Professor at the University of Franche-Comté (Besançon).
Alexey Zakharov, Associate Professor in the department of Advanced Mathematics in the HSE Faculty of Economics, is a member of the Committee of the European Political Science Association - a professional community of specialists who apply a variety of different methods in their analysis of the field as it is understood today.
The International Laboratory for Educational Policy Research has been working at the HSE for more than a year. Its academic supervisor, Stanford University professor Martin Carnoy told us about the results of this year’s research, their forthcoming plans and the future of the laboratory.
For over a year now John Nye, professor of George Mason University (USA), has been heading the HSE International Laboratory of Institutional Analysis of Economic Reforms. During his most recent visit to Moscow, Professor Nye told the HSE reporter about how the laboratory’s work is organized and what staff it needs, as well as about its research and new courses, some of which will be launched in May.
On November 25th a reporting conference of the HSE Laboratory for Comparative Social Research (LCSR) on ‘Comparative Sociology in Quantitative Perspective’ was held at the HSE.
On October 5th, high level HSE management and leading faculty members had a meeting with Panos Pardalos, Distinguished Professor of the Department of Industrial and Systems Engineering at the University of Florida, USA, to discuss plans and future opportunities for a new Laboratory at the HSE branch in Nizhny Novgorod. The Laboratory of Algorithms and Technologies of Network Structures will be established through a grant from the Russian Ministry of Education and Science. What does Professor Pardalos think of the Lab projects?