New Estimators of Critical Intensities for Asset Markets
During the last semester of the first year of my master’s program at UiA, professor Jochen Jungeilges approached me with a proposal of joining him on a research project the following semester as a student research assistant. The project aimed towards providing new estimators of critical intensities for asset markets linked to Jungeilges’ current overarching research of measuring stress resistance of bull and bear equilibria. My efforts in the project would be linked to previous classes I had attended, “Financial Econometrics” and “Empirical Finance”, given by professor Jungeilges. By use of the programming language R, my given goal was to identify relevant packages to use in R in order to obtain the new estimators.
Our work together commenced during the fall semester of 2022, with the first part covering an introduction to the research sphere I would be working in. During this initial period, I was invited to attend a seminar hosted by the CNI research group at the School of Business and Law at UiA. The seminar on Complex dynamics in Economics and Finance had presentations given by prominent researchers in the field of complex dynamics. Among the presenters were also professor Jungeilges along with his co-writer, professor Perevalova. As they presented preliminary findings on a paper within the research I was to work with, this served as a great introduction to my work. Further, I spent time reading up on professor Jungeilges’ research in addition to relevant theory. By the time I felt up to speed on the research and theory needed, I could start browsing the R universe for applicable packages to estimate the new coefficients needed in the statistical modeling work. In cooperation with professor Jungeilges, we were able to locate and choose an appropriate R package and conduct the estimation.
Through this time as a research assistant at UiA, I have been challenged on my theoretical level beyond what I learned through regular classes. The experience has been interesting and given me a glimpse into the world of academia and research. Along with facing new theory in this project, I was also able to utilize theory learned in my master’s program and through this gain a better understanding of previous material. Being a part of this research project as a student assistant has given me extensive learning beyond the scope of normal school attendance. By having access to a group of researchers, and close cooperation with professor Jungeilges throughout the project, I had the possibility of learning from established researchers and hopefully contributing to some extent with my work. This opportunity is something I encourage everyone who is offered to accept, and I am truly grateful to professor Jochen Jungeilges for offering it to me.