• Sophomore creates new math concept to help world of finance

    Myles BakerI liked math in high school, and even enrolled at Baylor planning on minoring in mathematics or statistics. That lasted all of about six weeks, as I discovered that calculus and the math classes that followed were not my cup of tea. Along the same lines, the wife of one of my best friends has her doctorate in math and now teaches the subject at a university up north, but even the most basic description she could offer of her doctoral dissertation flew way over my head.

    With that in mind, you can see why I marvel at the news that a Baylor sophomore recently came up with a new mathematical concept that applies to the study of finance. Following a very different path from my own, Myles Baker came to Baylor as an architecture major before switching to mathematics after being drawn into the subject by a professor here.

    In his work, Baker developed three theorems that apply to the Black-Schole’s equation, which is used to evaluate option pricing in the field of mathematics. Baker’s developments can make an educated guess on how the market will act according to certain principles. He shared his work at a regional symposium in February and will give another lecture at the Mathematical Association of America (MAA) Texas Regional Meeting in April.

    Sic ’em, Myles!

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