Becoming a Golden Hawk means more than just cheering on our (really good) varsity teams – it means being a student who cares about your community, who works hard in the classroom, and who takes advantage of all the learning opportunities that can happen outside the classroom, too.
Computational finance/Monte Carlo and quasi-Monte Carlo methods and applications.
Stochastic analysis with applications in finance and insurance.
Biography / Academic Background
I received my PhD in Mathematics from the Claremont Graduate University in January 2000 and my MSc in Mathematics from Zhongshan University in 1988.
Prior to joining Laurier, I was a postdoctoral fellow at the Centre for Advanced Studies in Finance and Department of Statistic and Actuarial Science at the University of Waterloo (2000-2002).
Xu, Yongjia, Yongzeng Lai and Haixiang Yao. “Efficient Simulation of Greeks of Multiasset Exotic Options by Malliavin Calculus and Quasi-Monte Carlo Methods.” Applied Mathematics and Computation, 236 (2014) 493–511.
Lai, yongzeng, Zhongfei Li and Yan Zeng. “Control variate methods and applications to Asian and basket options pricing under jump-diffusion models.” IMA Journal of Management Mathematics, (2013) 1-27, doi:10.1093/imaman/dpt016, Oxford University Press.
Yao, Haixian, Yongzeng Lai and Zhifeng Hao. “Uncertain exit time multi-period mean-variance portfolio selection with endogenous liabilities and regime-switching.” Automatica, 49(2013), 3258-3269.
Han, Chuan-xiang and Yongzeng Lai. “Generalized Control Variate Methods for Pricing Asian Options.” Journal of Computational Finance, 14(2), 87-118, Winter 2010/11.