Speaker:
Jerry Goldstein
Institution:
University of Memphis
Time:
Thursday, April 28, 2016 - 4:00pm
Location:
RH 306
We will discuss three one space dimensional time dependent linear parabolic equations: the heat equation, the Black-Scholes equation (describing stock options) and the Cox-Ingersoll-Ross equation (describing bond markets). New results will involve representation of the solution semigroups, chaotic properties of the semigroups, and a new kind of Feynman-Kac type representation of the solution for the CIR equation.