- Phelim Boyle
**Phelim Boyle**, adistinguished professor , is a professor of finance in the School of Business and Economics atWilfrid Laurier University inCanada and is a pioneer ofquantitative finance . He is best known for initiating the use ofMonte Carlo method s in option pricing [*http://www.soa.org/library/newsletters/the-actuary-magazine/2006/april/act-interview-boyle.aspx*] . Other well known contributions in the area ofquantitative finance include the use of the Trinomial method to price options [*http://www.global-derivatives.com/index.php?option=com_content&task=view&id=15&Itemid=31#Trinomial*] .Until June 2006 he held the J Page R Wadsworth Chair at the

University of Waterloo . He has published papers on actuarial science anddemography . Together with his son,Feidhlim Boyle , he authored "Derivatives: the Tools that Changed Finance", a highly readable explanation of the world of derivatives.In 1977, his seminal work on Monte Carlo option pricing was published, facilitating the 1980s explosion in the world of derivatives. He continues to contribute in the area of

quantitative finance . He has been awarded the Centennial Gold Medal of theInternational Actuarial Association and was the recipient of the IAFE/SunGard Financial Engineer of the Year in 2005.Born on a farm in Lavey,

County Londonderry ,Northern Ireland , Phelim Boyle attended Dreenan School,Garron Tower andQueen's University Belfast (B.Sc. ,M.Sc. ). He earned hisPhD inApplied Math specialising inPhysics fromTrinity College, Dublin .**ee also***

Monte Carlo option model

*Monte Carlo methods in finance **External links and references****Phelim Boyle**

* [*http://www.actuaries.ie/About_the_Society/Membership/Categories/Phelim_Boyle_resume.pdf Curriculum Vitae*]

* [*http://www.soa.org/library/newsletters/the-actuary-magazine/2006/april/act-interview-boyle.aspx The Actuary Magazine: An Interview With Dr. Phelim Boyle*]**Publications**

* [*http://ideas.repec.org/a/eee/jfinec/v4y1977i3p323-338.html "Options: A Monte Carlo Approach"*] , "Journal of Financial Economics " 4, 4, 323-338 (1977)

*"Option Valuation Using a Three-Jump Process", "International Options Journal" 3, 7-12 (1986)

* [*http://www.wilmottwiki.com/wiki/index.php/Boyle%2C_Phelim complete list*] , wilmottwiki

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