What Type of Math is Used by Wall St. Financial Wizards?

[bballwaterboy]

What type of math is used by those who work on Wall St. and make the so-called "big bucks?"

 

[jedishrfu]

Here's an article about how to become a quant

http://www.quantstart.com/articles/Self-Study-Plan-for-Becoming-a-Quantitative-Developer

 

[bballwaterboy]

Cool. Thanks.

 

[Doug Huffman]

Retired quant Nassim Nicholas Taleb has his professional papers on-line, some here http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=475810 at Social Science Research Network. Many more are linked from his current professional homepage http://www.fooledbyrandomness.com/ and in his various popularized writings.

His background is very different from the stereotypical quant from high energy physics.

 

[CellCoree]

The type of math used by Wall St. financial wizards is primarily focused on statistics and probability. These individuals use mathematical models and algorithms to analyze market trends and make predictions about future stock prices. They also use mathematical techniques such as calculus and linear algebra to create financial models and evaluate risk. In addition, they may use advanced mathematical concepts such as game theory and stochastic calculus to make strategic investment decisions. Overall, the use of math plays a crucial role in the success of these financial professionals on Wall St.