Profession		Personal
Working with Essdar Capital in Dubai. PhD thesis at Imperial College London, entitled “An analysis of spending behaviour under liquidity constraints with an application to financial hedging.” can be viewed here (Acrobat PDF file, c. 1 MB). Thesis uses tools such as local time and quadratic variation with wavelet-based systems, multinomial trees and simulations in C++ to investigate economic agent behaviour. I found the following ideas of interest: (1) valuing assets under limited control, and the links to real options theory and to financial leverage; (2) dynamic cost-of-capital and pricing corporate access to liquidity; (3) economic activity with imperfect markets and business cycles. An MSc thesis in Finance by Rutvij Kapadia, modelling implied volatility of the S&P 500 index, is linked to here (Acrobat PDF file, c. 750 kB). Return to Takin.co.uk index page		Click on the collage to view a selection of my favourite photos: After looking at my photos, have a look at Lester Mak's rather more active blog And I can recommend the music listed in the charts below, made courtesy of last.fm

Last updated 12th May 2009