Bielefeld Graduate School in Theoretical Sciences
BGTS header picture 1
BGTS header picture 2

Summer School: Model Uncertainty in Economics and Finance - Advances in Stochastic Calculus

July 7 - July 18, 2014

Bielefeld University

Room: V2.210

The Summer School aims to introduce doctoral students to the latest developments in decision theory, economics, and mathematical finance with a special focus on Knightian or model uncertainty. Model uncertainty is of eminent importance when one applies mathematical models to economic environments as the financial crisis starting in 2008-09 has made clear. The robustness of decisions plays an important part in sound risk management of banks and other financial institutions. The summer school develops the required mathematical and economic tools to deal with these issues properly.

Organizers: Frank Riedel, Claudia Köhler

Lecturers and Topics




The number of participants is limited to 50. You can apply for participation by submitting the application form and via this form a CV.
Application deadline: 30 April, 2014

Participation Fee

The participation fee is 100 EUR (accommodation not included). After being accepted you will be asked to transfer the fee to the summer school's bank account.

Financial Support

Financial support (a lump-sum for travel and accommodation) is available for young researchers from the partner institutions of the Network "From Extreme Matter to Financial markets". For further information please contact us. You can apply for this support within the application form.

Registration, welcome reception and warm buffet

On Monday, July 7, at 5 p.m. the welcome reception and registration will take place outdoors between the parts V and W of the university building. There will be a warm buffet. All participants are cordially invited to attend this event.

Excursions/Social Events

To encourage collaborations and discussions, the Summer School will organize several social events and excursions: