Winfried Stute, Professor of Probability and Statistics at the Institute of Mathematics at the University of Giessen (Germany) and Doctor Honoris Causa at the University of Santiago de Compostela, is visiting the Department of Economics of the University of Cantabria together with the professors Juan Manuel Rodríguez Poo and Alexandra Soberon.
Professor Stute’s visit is part of the research project entitled “New methods for the empirical analysis of financial markets” financed by the Santander Financial Institute (SANFI) within the strategic line of the SANFI called Global Markets. This research project is led by Professor Oliver Linton of the University of Cambridge and has as coordinators Professors Rodriguez-Poo UC and Francisco Peñaranda of the City University of New York. Specifically, the objective of this research project is mainly focused on the development of new techniques of estimation of application both in the valuation of financial assets and in the management of risks and portfolios. In this sense, the visit of Professor Stute is very useful for this project given that he is considered as a worldwide authority on non-stochastic analysis and financial engineering.
Dr. Stute began his undergraduate studies in Mathematics in 1968, presenting his undergraduate thesis in 1973 in the field of stochastic mathematics, more concretely in generalizations of Glivenko-Cantelli’s theorem. He completed his doctoral thesis in 1975, in the field of probability limit theorems. In both cases he was supervised by the prestigious German probabilist, Professor Gaenssler. His habilitation for Mathematics teacher achieved in the year 1980 by the University of Munich, especially thanks to the advances that he had already developed in the theory of the empirical processes. In fact, as early as 1979, Stute and Gaenssler published in the Annals of Probability a guest article, which was and remains a reference for scholars of empirical processes. In 2008 he had an Honorary Professorship at the University of Santiago de Compostela, Spain. He has been member of the Editorial Board of several scientific journals of Probability and Statistics. His main research activities have been developed on stochastic processes with applications in survival analysis, market research and finance. In addition, he is the author of more than 100 publications in the best journals in the field of Probability and Statistics, appearing in many of them as sole author. Some of these journals are: Annals of Statistics, Annals of Probability, Bernoulli, Journal of the American Statistical Association, Biometrika, Scandinavian Journal of Statistics, Advanced in Applied Probability.