Research Area: Financial Mathematics
Research Profile: Financial mathematics
Tom Hurd laid the foundation for financial mathematics at McMaster when he initiated Phimac activities in 1998. He is currently Director of the MFM program (MPhimac). After an extensive research career in mathematical physics, he turned to the mathematical study of financial markets in the late 1990s. Since then he has built an international research reputation, with many publications in areas such as portfolio theory, interest rate modeling, and credit risk. His work is currently focussed on modeling systemic risk, that is, the stability of financial networks, and he has recently published a book on the subject. Over the years, he has supervised numerous M.Sc. and Ph.D. research students in financial mathematics, many of whom have moved on to careers in banking.
Financial mathematics, quantum fields