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ERC Consolidator Grant and DFG research group for Peter K. Friz


The Faculty II congratulates Prof. Peter K. Friz to his ERC Consolidator Grant! Starting in 2016, the European Research Council (ERC) supports two scientists at the TU Berlin as part of their “horizon 20/20” program including Prof. Friz from the Institute of Mathematics. For the next five years he receives an annual research funding of up to 1.5 million euros.  Peter Friz is part of the Working Group Stochastics and Mathematical Finance. With his research project "Geometric aspects in pathwise stochastic analysis and related topics", he was able to convince the ERC, after he had already received an ERC Starting Grant in 2010 which enabled him to create his research group. Some of these current funds will go into research on "Regularity Structures" as well as the exploration of new financial models for the calibration of high-dimensional market data.

The ERC Consolidator Grants are focussing on scientists whose doctoral graduation dates back no longer than 7 - 12 years. The aim is to assist them in the consolidation of an independent excellent research team.

Accompanying the notification of the ERC Consolidator Grant in December 2015 Peter Friz received the news that his request of a DFG research group has been granted. The research group researching on "Rough Paths, Stochastic Partial Differential Equations and Related Topics" wants to apply the mathematical theory of so-called "rough paths" on stochastic partial differential equations (SPDE) and is dedicated to the examination of structures of regularity that represent a multidimensional extension of the Rough-Path-theory. Using this theory, the prevailing gap between ordinary and stochastic differential equations could be overcome. Such equations are needed for the natural sciences and engineering, but also in the economic and social sciences. They enable the modeling of time-dependent processes that are subject to random influences, escaping any special smoothness condition. The qualitative characteristics of SPDE with rough disorder, their dynamics and numerics are still largely unknown. Therefore new questions will emerge and be investigated by the research team.

The faculty II congratulates Peter Friz most warmely on his great successes!

DFG Press Release

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