An introduction to backward SDEs and applications in finance and economics

Lecturer: Dylan Possamai  (Columbia University)


Backward stochastic differential equations (BSDEs for short) have been introduced since the 90s, and have proved since then to be a fundamental tool in stochastic analysis, stochastic control, and even PDE analysis, with numerous applications in finance, economics and insurance. This course would be the occasion to provide an introduction to the theory as well as its latest developments. After going through some of the most important theoretical results, we will see as an illuminating application how BSDEs allow to treat in a general fashion several problems stemming from contract theory with moral hazard.

Joint Seminar with Vienna Graduate School on Computational Optimization – 29 Sep 2016

Joint Seminar with Vienna Graduate School on Computational Optimization headed by Professor Georg Pflug (

Other speakers include Profs. Ahti Salo (Aalto SCI), Lasse Leskelä (Aalto SCI), Juuso Liesiö (Aalto BIZ), Stefan Geiss (University of Jyväskylä), Leena Suhl (University of Paderborn).

Time and place: Thursday 29th September 11:00-16:00 at Aalto University, Otakaari 1, Espoo. Lecture hall U5.

The seminar programme consist of
(i) presentations of the participating research groups and the organization of graduate and doctoral studies (11:00-12:00)
(ii) lunch (12:00-13:00)
(iii) talks on timely research topics in stochastic optimization and analysis, portfolio decision analysis, risk management, and logistics and production planning (13:00-16:00).

The seminar is open to all interested faculty and students, and it will be attended by some 15 student from Vienna. Participants from Finland are kindly requested to register by sending email to by 29.9.2016.

PhD student position in Jyväskylä

PhD-Position in Stochastics

Within the project of the Academy of Finland

Stochastic Analysis and Nonlinear Partial Differential Equations, Interactions and Applications (2016-2020) there is an open PhD-position. We look for a doctoral student that works in the area of Stochastic Analysis and related fields with a possible emphasize on Backward Stochastic Differential Equations.

Site of research: Department of Mathematics and Statistics University of Jyväskylä (Finland)

Earliest date for starting: September 1, 2016

Contact: Stefan Geiss
Department of Mathematics and Statistics

University of Jyväskylä (Finland)

Workshop at Aalto 7-9 Dec 2016: Nonlinear, nonlocal problems and stochastic methods

Dear Colleagues,
We are pleased to announce the workshop on
Nonlinear, nonlocal problems and stochastic methods
taking place
December 7-9, 2016
at Aalto University, Helsinki/Espoo, Finland.
Invited Speakers
Lisa Beck (Universität Augsburg)
Pierre Cardaliaguet (Université Paris – Dauphine)
Bartłomiej Dyda (Politechnika Wrocławska)
Benjamin Gess * (Max Planck Institute for Mathematics in the Sciences)
Michael Hinz (Universität Bielefeld)
Martina Hofmanová (Technische Universität Berlin)
Cyril Imbert (CNRS)
Grzegorz Karch (Uniwersytet Wrocławiski)
Tadele Mengesha (University of Tennessee)
Armin Schikorra (Albert-Ludwigs-Universität Freiburg)
Joaquim Serra * (Universitat Politècnica de Catalunya)
Nizar Touzi (École Polytechnique)
Rico Zacher (Universität Ulm)
Aleksandra Zimmermann (Universität Duisburg-Essen)
* to be confirmed
Juha Kinnunen (Aalto University)
Tuomo Kuusi (Aalto University)
Jonas Tölle (Aalto University)
Mikko Parviainen (University of Jyväskylä)
Moritz Kaßmann (Universität Bielefeld)
We gratefully acknowledge sponsoring by the Academy of Finland,
the Department of Mathematics and Systems Analysis, School of Science, Aalto University,
and the Collaborative Research Center “Spectral Structures and Topological Methods in Mathematics” (SFB 701) of the German Research Foundation (DFG) at Bielefeld University.
for more info. You can register here:
There is no registration fee.
There will be the possibility to contribute a poster. Interested participants may provide the title of their poster to the contact email address below (additionally to the registration).
Best regards,
Jonas Tölle (Aalto University)

Statistics Mini-Workshop @ Aalto

Statistics Mini-Workshop on 7 Apr 2016 from 10 to 13:30, lecture room M1, Aalto University School of Science, Department of Mathematics and Systems Analysis

No registration, just show up to listen to the following excellent speakers!

  • Gérard Biau
  • Richard Hansen
  • Ingrid Van Keilegom
  • Teresa Ledwina
  • Laura Sangalli


Call for talks: Statistics Day Helsinki 2016

There is an open call for talks for the Statistics Day Helsinki 2016 organized at Aalto University, Feb 12 2016.

Statistics day is an informal full-day seminar, devoted (but not limited) to:

  • Bayesian Statistics
  • Computational statistics
  • Applications and case studies

We are now calling for talks. Everyone, from students to professors, is invited to give a talk. The talks need not be fully polished congress-type presentations. The seminar will be followed by board games night.

The keynote talk is given by Pauliina Ilmonen: “But how rare is rare?”

Registration and more information at