While at AIMS, Pauline determined a general formula for the price of a European call option on a given financial asset under the assumption that the financial market has no arbitrage using the formalism of the “pricing kernel”. She also studied price processes that depend on four parameters (volatility, initial price, interest rate and a parameter modelling risk aversion) and examined the dependence of the rate of return on these parameters.
Pauline currently works at KBC Group in Belgium, an integrated bank-insurance group catering mainly for retail, private banking, SME and mid-cap clients. She defended her PhD thesis in December 2020 at UCLouvain – Belgium.