[quote]swissrugby67 wrote:
jimmybango wrote:
matko5 wrote:
jimmybango wrote:
matko5 wrote:
jimmybango wrote:
I defend my dissertation in about 10 days then I’ll have my Ph.D. in finance. 9 straight fucking years of school and it’s crazy to think I won’t be a student come this time in the fall. I’ll be on the other side of the fence controlling the fate of every little tike that signs up for my classes. Life is good…
Bango
I’ll be you in 8 years!
What is your degree in?
I’m studying physics and computer sciences (information management and programming). Mainly physics. Planning to get my Ph.D. in 8 years, that’s the lowest possible number unfortunately…
That’s awesome my man…It may seem like a long road, but if you stick it out you’ll be damn thankful when you reach the end. I sacrificed a lot to get to this point, as I’m sure you will too, but looking back I wouldn’t trade it for anything.
Best of luck to you…and it’s funny because I’ve had to learn computer programming for my degree. Coming in I had never even heard of Fortran or SAS…now I’m a straight baller with that shit!
Bango
What area of Finance did you specialize in? I just finished a dissertation focusing on the St. Petersburg Paradox and seeing how adequate it was for both gauging investor irrationality and explaining the 2000-2001 high tech stock market collapse (+ If it could be linked to the pricing of CDO/CBO’s using copula methods in 2008). I do/did Math.
[/quote]
I’ll tell you what…any research that focuses on investors behaving irrationally could be quite valuable. Every asset pricing model I’ve seen assumes investors are rational…which could be quite far from the truth. Especially in a time period like the internet bubble. The biggest hurdle is usually defining what constitutes irrational behavior. Since it is irrational, it cannot be explained. Therefore, trying to explain the unexplainable can be problematic… 
That’s interesting that your study used the peak of 2000. My dissertation also focuses on that time segment. My areas of expertise are institutional trading, investments, and market microstructure (tick by tick behavior of the stock market).
Ha…I haven’t thought about the St. Petersburg paradox since my Ph.D. class on asset pricing. Fucking Bernoulli came up with some wild ass shit! Infinite expected values…good times.
I do not specialize in fixed income securities (CDOs, etc)…but I recently gave a presentation at a university in Minnesota about the causes and consequences of the current economic crisis. Without question, the subprime housing market spurred the downfall, but credit default swaps also played a significant role. Very interesting shit…
So what are doing with your math degree? Professor?