Umeå University, Mathematics and Mathematical Statistics

Position ID: 2216-POSTDOC4 [#21851]
Position Title: Postdoctoral researcher (2 years) within Financial Mathematics
Position Type: Postdoctoral
Position Location: Umea, Vasterbottens Lan 901 87, Sweden [map] sort by distance
Subject Area: Financial Mathematics
Application Deadline: 2023/02/28 11:59PMhelp popup finished (2022/12/19, finished 2023/09/02, listed until 2023/02/28)
Position Description:    

*** this position has been closed. ***

The Department of Mathematics and Statistics is offering a postdoctoral scholarship within the project “Distributional and Behavioural Dynamics in Fund Management, Pensions and Life Cycle Wealth: On the Role of Inflation, Mortality and Inequality”. The scholarship is full-time for two years with starting date 1 April 2023 or by agreement.

Project description:

This project aims at employing mathematical models for investment, fund management, and asset pricing with heterogeneous groups of investors in order to contribute to answering the following questions:

1. How do changing age and mortality profiles affect investment behavior and wealth distributions?

2. In what way does the governance of the fund management affect risk-taking and the wealth share of principals and agents?

3. What are the behavioral biases that cause suboptimal investment decisions, both individually and in the aggregate?

4. How to minimize exposure to inflation and what is the role of the central bank? The mathematical toolbox used in the project involves stochastic calculus, optimal control theory, arbitrage-free pricing theory, and game/equilibrium theory.

This postdoctoral scholarship is financed and administered by a research grant from the Kempe Foundation (JCSMK22-0082). The stipend is tax-free and will be 672 000 SEK for two years, meaning 336 000 SEK per year.

Umeå offers excellent working and living conditions. The city is young and located right next to a large river. It is surrounded by forests and lakes and lies close by the sea. In the vicinity there are plenty of opportunities for both indoor and outdoor activities.

For further information and instructions on how to apply, see:

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Contact: Christian Ewald
Email: email address
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Department of Mathematics and Mathematical Statistics
Umeå University
901 87 Umeå
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