Phelim Boyle

Phelim P. Boyle (born 1941), is an Irish economist and distinguished professor and actuary, and a pioneer of quantitative finance. He is best known for initiating the use of Monte Carlo methods in option pricing.[1]

Biography

Born on a farm in Lavey, County Londonderry, Northern Ireland, Phelim Boyle attended Dreenan School, Garron Tower and Queen's University Belfast (B.Sc.) He earned his M.Sc., and PhD in applied mathematics, specialising in physics, from Trinity College, Dublin.[2]

He is a professor of finance in the Laurier School of Business & Economics at Wilfrid Laurier University in Canada.[3] Until June 2006 he held the J Page R Wadsworth Chair at the University of Waterloo. Additional to his contributions to quantitaive finance, he has published papers on actuarial science and demography. Together with his son, Feidhlim Boyle, he authored the highly readable Derivatives: the Tools that Changed Finance. He continues to contribute in the area of quantitative finance.

He has been awarded the Centennial Gold Medal of the International Actuarial Association and was the recipient of the IAFE/SunGard Financial Engineer of the Year in 2005.

Work

Boyle is best known for initiating the use of Monte Carlo methods in option pricing. Other well-known contributions in the area of quantitative finance include the use of the Trinomial method to price options.[4] His seminal work on Monte Carlo-based option pricing facilitated the 1980s explosion in the world of derivatives.

Publications

Boyle has authored and co-authored numerous articles.[5] A selection:

References

  1. An Interview with Dr. Phelim Boyle, IAFE/SunGard Financial Engineer of the Year at soa.org. Accessed September 11, 2013.
  2. Curriculum Vitae
  3. WLU Faculty Page
  4. European Options on global-derivatives.com. Accessed September 11, 2013.
  5. complete list, wilmottwiki

External links and references