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.