Dr Ray Kawai
F07  Carslaw Building
The University of Sydney
Telephone  9351 3376 
Fax  9351 4534 


Website 
External website 
Biographical details
 School of Mathematics and Statistics, The University of Sydney, Australia, July 2012 
 Department of Mathematics, University of Leicester, United Kingdom, July 2009  June 2012.
 Center for the Study of Finance and Insurance, Osaka University, Japan, August 2007  June 2009.
 Financial Engineering, Fixed Income Department, Daiwa Securities SMBC Co.Ltd., Japan, April 2006  June 2009. (on leave during August 2007  June 2009)
 Proprietary Trading Department, Equity Division, Daiwa Securities SMBC Co.Ltd., Japan, March 2005  March 2006.
 Ph.D., Industrial and Systems Engineering, Georgia Institute of Technology, United States of America, December 2004.
 M.S., Operations Research, Georgia Institute of Technology, United States of America, May 2003.
 M.S., Applied Mathematics, Georgia Institute of Technology, United States of America, May 2003.
 Special Graduate Student, Department of Statistics, University of California, Los Angeles, United States of America, September 1999  June 2000.
 B.Eng., Industrial Engineering and Management, Tokyo Institute of Technology, Japan, March 1999.
Research interests
His research interests include
 Stochastic numerics: Monte Carlo variance reduction; stochastic differential equations; stochastic approximation algorithms; sample average approximation.
 Random number generations: series representation of Lévy processes; exact and approximate simulation of infinitely divisible processes.
 Probability Theory: Lévy processes; infinitely divisible laws; Malliavin calculus.
 Statistical Physics: subdiffusion processes; hyperdiffusion processes.
 Mathematical Finance: sensitivity analysis; asset price dynamics modeling; structured derivatives pricing models.
 Mathematical Statistics: statistical inference for stochastic processes; sampling schemes.
He is a member of the Statistics Research Group and the Sydney Dynamics Group.
Teaching and supervision
Timetable
R_Kawai
Coursework teaching
 Introduction to Stochastic Calculus MSH7 (2017, 2018)
 Stochastic Processes and Time Series STAT3011/3911 (2014, 2015, 2016)
 Stochastic Processes STAT3011/3021/3911 (2013, 2017, 2018, 2019)
 Statistical Inference STAT3013/3913 (2012, 2013, 2014, 2015, 2018)
 Probability and Estimation Theory STAT2011 (2019)
 Statistical Thinking with Data MATH1005 (2017, 2018)
 Drug Discovery and Design B  Statistics part (2018, 2019)
Research supervision (primary only)
Postgraduate
 Terry Shang (MPhil, in progress)
 Gwen Song (PhD, in progress)
 Yue He (PhD, in progress)
 Jonathon Tidswell (PhD, in progress)
 Chunxi Jiao (PhD, in progress)
 Qinjing Qiu (PhD, in progress)
 Sean Carnaffan (PhD, submission soon)
 Louis Bhim (PhD, awarded in March 2017)
Honours
 2019: Jared Chessari, Jiezhong Wu
 2018: Matthew Cash
 2017: Chunxi Jiao
 2016: Ming Qiu, Sheng Xu
 2015: Patrick Murray, Haruki Osaka
 2014‐15: Sean Carnaffan
 2013: Aoife Meaney, Jeremy Yee
Talented Student Program
 2019: Sida Yuan (S1)
 2018: Sida Yuan (S2)
 2015: Ming Qiu (S2)
Summer
 201819: Jared Chessari (DENR3901), Jiezhong Wu (SCRE3901), Sida Yuan (DENR3901)
 2017‐18: Andy Tran (DENR3901)
 2016‐17: Chunxi Jiao
 2015‐16: Sheng Xu (AMSI)
 2014‐15: Nicholas Katada (AMSI)
Selected grants
2012
 Financial Modelling Post2008: Where Next?; Haven E, Wilson J, Molyneux P, Kawai R, Fedotov S, Fethi M; Economic and Social Research Council (ESRC) UK/Research Grant.
2009
 GrantinAid for Scientific Research; Kawai R; Japan Society for the Promotion of Science/Research Grant.
2008
 GrantinAid for Scientific Research; Kawai R; Japan Society for the Promotion of Science/Research Grant.
Selected publications





























