UKZN student’s paper wins

2009-07-24 00:00

A UNIVERSITY of KwaZulu-Natal (UKZN) masters student has won the 2009 South African Statistical Association (Sasa) post Graduate paper Competition.

Ahmed Essay (23), an MSc student in financial mathematics at UKZN’s School of Statistics and Actuarial Science, will be presenting his winning paper before statisticians from all over the world at this year’s 57th Session of the International Statistical Institute conference that will be held in Durban next month. This will be part of his prize.

Essay said he thought his professor was just pulling his leg when he first broke the news. It was such a pleasant surprise, he said.

The head of the School of Statistics and Actuarial Science, Professor Delia North, said the win once again proves the quality and commitment of her department. This is the third consecutive year the school has produced a winner in a national statistics competition.

Students from the University of Cape Town, Rhodes University and the University of Pretoria, were among the entrants this year.

Essay’s winning paper is titled ‘Pricing a European exchange option driven by Merton’s jump diffusion model using the Esscher Transform’ . — WR.

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