Steven Eugene Shreve is a

mathematician A mathematician is someone who uses an extensive knowledge of mathematics in their work, typically to solve mathematical problems. Mathematicians are concerned with numbers, data, quantity, mathematical structure, structure, space, Mathematica ...

and a University Professor Emeritus in the Department of Mathematical Sciences at

Carnegie Mellon University Carnegie Mellon University (CMU) is a private research university in Pittsburgh, Pennsylvania, United States. The institution was established in 1900 by Andrew Carnegie as the Carnegie Technical Schools. In 1912, it became the Carnegie Institu ...

. He was previously the Orion Hoch Professor of Mathematical Sciences, which he held from 2006 until his retirement. Shreve is also the author of several major books on the mathematics of

financial derivatives In finance, a derivative is a contract between a buyer and a seller. The derivative can take various forms, depending on the transaction, but every derivative has the following four elements: # an item (the "underlier") that can or must be bou ...

. His first degree, awarded in 1972 was in

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

from

West Virginia University West Virginia University (WVU) is a public university, public Land-grant university, land-grant research university with its main campus in Morgantown, West Virginia, United States. Its other campuses are those of the West Virginia University Ins ...

. He then studied mathematics at Georg-August-Universität Göttingen. He then took a Masters in

Electrical Engineering Electrical engineering is an engineering discipline concerned with the study, design, and application of equipment, devices, and systems that use electricity, electronics, and electromagnetism. It emerged as an identifiable occupation in the l ...

at the

University of Illinois The University of Illinois Urbana-Champaign (UIUC, U of I, Illinois, or University of Illinois) is a public university, public land-grant university, land-grant research university in the Champaign–Urbana metropolitan area, Illinois, United ...

, where he completed a PhD in mathematics in 1977. His textbook ''Stochastic Calculus for Finance'' is used by numerous graduate programs in

quantitative finance Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the financial field. In general, there exist two separate branches of finance that requ ...

. The book was voted "Best New Book in Quantitative Finance" in 2004 by members of Wilmott website, and has been highly praised by scholars in the field. Shreve is a Fellow of the

Institute of Mathematical Statistics The Institute of Mathematical Statistics is an international professional and scholarly society devoted to the development, dissemination, and application of statistics and probability. The Institute currently has about 4,000 members in all parts ...

Books

*''Stochastic Optimal Control: The Discrete Time Case'' with Dimitri P. Bertsekas, Academic Press, 1978. *''Brownian Motion and Stochastic Calculus'' with Ioannis Karatzas Springer-Verlag, 2nd Ed. 1991. *''Methods of Mathematical Finance'' with Ioannis Karatzas Springer-Verlag, 1998 *''Stochastic Calculus for Finance''. Volume I: The Binomial Asset Pricing Model *''Volume II: Continuous-Time Models'' Springer-Verlag, 2004 The most recent volume was awarded "New Book of the Year" by Wilmott magazine.

References

External links

Shreve's Home Page
* * {{DEFAULTSORT:Shreve, Steven E. 1950s births Living people 20th-century American mathematicians 21st-century American mathematicians University of Illinois alumni West Virginia University alumni Carnegie Mellon University faculty American financial economists American mathematical analysts American probability theorists Fellows of the Institute of Mathematical Statistics Year of birth missing (living people) Place of birth missing (living people)