Gunduz Caginalp
Encyclopedia
Gunduz Caginalp is a Turkish
mathematician
, currently a professor at the University of Pittsburgh
.
He received his PhD from Cornell University
in 1978. His areas of research activity
include mathematical finance
and economics
, quantitative behavioral finance
, free boundary problems, computational and analytical phase field models, renormalization
and multi-scaling methods, and nonlinear hyperbolic differential equations.
He has been Editor of the Journal of Behavioral Finance
from 2000 through 2004, and has been an Associate Editor of Applied Mathematical Finance. He has worked on designing and modeling of economics experiments, particularly asset market experiments for over ten years. Among his nearly 100 journal publications are nine with Nobel Laureate Vernon L. Smith
.
He has significant contributions to academic literature in the following areas:
during 2001-2004) and collaborators including Vernon L. Smith
(2002 Nobel Laureate in Economics), David Porter, Don Balenovich, Vladimira Ilieva, Ahmet Duran). Studies by Jeff Madura, Ray Sturm and others have demonstrated significant behavioral effects in stocks and exchange traded funds.
The research can be grouped into the following areas:
1. Empirical studies that demonstrate significant deviations from classical theories.
2. Modeling using the concepts of behavioral effects together with the non-classical assumption of the finiteness of assets.
3. Forecasting based on these methods.
4. Studies of experimental asset markets and use of models to forecast experiments.
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
mathematician
Mathematician
A mathematician is a person whose primary area of study is the field of mathematics. Mathematicians are concerned with quantity, structure, space, and change....
, currently a professor at the University of Pittsburgh
University of Pittsburgh
The University of Pittsburgh, commonly referred to as Pitt, is a state-related research university located in Pittsburgh, Pennsylvania, United States. Founded as Pittsburgh Academy in 1787 on what was then the American frontier, Pitt is one of the oldest continuously chartered institutions of...
.
He received his PhD from Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
in 1978. His areas of research activity
include mathematical finance
Mathematical finance
Mathematical finance is a field of applied mathematics, concerned with financial markets. The subject has a close relationship with the discipline of financial economics, which is concerned with much of the underlying theory. Generally, mathematical finance will derive and extend the mathematical...
and economics
Mathematical economics
Mathematical economics is the application of mathematical methods to represent economic theories and analyze problems posed in economics. It allows formulation and derivation of key relationships in a theory with clarity, generality, rigor, and simplicity...
, quantitative behavioral finance
Quantitative behavioral finance
Quantitative behavioral finance is a new discipline that uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation. Some of this endeavor has been led by Gunduz Caginalp and collaborators including Vernon L...
, free boundary problems, computational and analytical phase field models, renormalization
Renormalization
In quantum field theory, the statistical mechanics of fields, and the theory of self-similar geometric structures, renormalization is any of a collection of techniques used to treat infinities arising in calculated quantities....
and multi-scaling methods, and nonlinear hyperbolic differential equations.
He has been Editor of the Journal of Behavioral Finance
Journal of Behavioral Finance
The Journal of Behavioral Finance is a peer-reviewed journal that publishes research related to the field of behavioral finance. It formerly published as The Journal of Psychology and Financial Markets....
from 2000 through 2004, and has been an Associate Editor of Applied Mathematical Finance. He has worked on designing and modeling of economics experiments, particularly asset market experiments for over ten years. Among his nearly 100 journal publications are nine with Nobel Laureate Vernon L. Smith
Vernon L. Smith
Vernon Lomax Smith is professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington,...
.
He has significant contributions to academic literature in the following areas:
- Quantitative behavioral financeQuantitative behavioral financeQuantitative behavioral finance is a new discipline that uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation. Some of this endeavor has been led by Gunduz Caginalp and collaborators including Vernon L...
- Differential equations and optimization in financial markets
- Statistical methods in financial markets
- Experimental asset markets and modeling
- Renormalization group and multiscaling techniques in differential equations
- Interface problems and phase field computations
Quantitative behavioral finance
Quantitative Behavioral Finance is a new discipline that uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation. Some of this endeavor has been led by Gunduz Caginalp (Professor of Mathematics and Editor of Journal of Behavioral FinanceJournal of Behavioral Finance
The Journal of Behavioral Finance is a peer-reviewed journal that publishes research related to the field of behavioral finance. It formerly published as The Journal of Psychology and Financial Markets....
during 2001-2004) and collaborators including Vernon L. Smith
Vernon L. Smith
Vernon Lomax Smith is professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington,...
(2002 Nobel Laureate in Economics), David Porter, Don Balenovich, Vladimira Ilieva, Ahmet Duran). Studies by Jeff Madura, Ray Sturm and others have demonstrated significant behavioral effects in stocks and exchange traded funds.
The research can be grouped into the following areas:
1. Empirical studies that demonstrate significant deviations from classical theories.
2. Modeling using the concepts of behavioral effects together with the non-classical assumption of the finiteness of assets.
3. Forecasting based on these methods.
4. Studies of experimental asset markets and use of models to forecast experiments.