Dr. Wayne Tarrant's specialties include financial mathematics, mathematical economics, econometrics, and computational commutative algebra. Dr. Tarrant was a Fulbright scholar in Nairobi, Kenya, and he retains a Visiting Associate Professor position at Strathmore University. He has published papers in risk measures and systemic risk, as well as on financial derivatives. His current research interests are in development and entrepreneurship, econophysics as related to systemic risk, and the Flat Tax revolution that was started by Mart Laar.
My wife and I have five children and live on a small farm in Brazil, Indiana. I like to travel and enjoy sports, and I really desire to connect Rose students to the African continent and all its opportunities and challenges.
Academic Degrees
- Doctor of Philosophy in Mathematics, University of Georgia, August 2002, Dissertation: Term Orders on the Polynomial Ring and the Gröbner Fan of an Ideal
- Master: Modélisation et Méthodes Mathématiques en Économie et Finance (Models and Mathematical Methods in Economics and Finance), Université Paris I Panthéon-Sorbonne, September 2009
- Mémoire: On the Necessity of Five Risk Measures Master of Science Wirtschaftsmathematik (Mathematical Economics), Bielefeld Universitaet, September 2009
- Master of Arts in pure mathematics, Indiana University, May 1998
- Bachelor of Science in Mathematics, Wake Forest University, May 1996
Awards & Honors
- Endowed Chair for Innovation in Science, Engineering, and Mathematics Education, 2024-present
- Fulbright Scholar-in-Residence host for Dr. Lucy Muthoni, 2023-2024
- Fulbright scholarship to Kenya, 2021-2022
- KEEN Innovative Teaching Faculty cohort, 2018-2020
- National Science Foundation, “REU Site: Rose-Hulman Undergraduate Research Experience in Mathematics,” 2019 ($243,983)
- Summer Professional Development Grant through CCPEO, 2018 ($5000)
- TDF Ventures funding for summer students, 2018 ($10.000)
- Rose-Hulman Summer Undergraduate Research Fund, 2017 ($13,000)
- MAA SUMMA National REU program, 2015 ($27,500)
- Center for Undergraduate Research in Mathematics mini-grant, 2014 ($25,000)
Publications & Presentations
- Tarrant, W. “The utility of Basel III rules on excessive violations of internal risk models” Journal of Risk Model Validation volume 13, number 1, Mar. 2019, pages 25-37.
- Escalera, M. and W. Tarrant, “Sovereign Adaptive Risk Modeling and Implications on the Eurozone GREXIT case,” International Journal of Financial Studies, May 2018, pages 1-11.
- Schwartz, L., K. Stowe, and W. Tarrant “The stock price effect of the introduction of exchange-traded derivatives”, Applied Financial Economics, Oct. 2013, pages 1531-39.
- Tarrant, W., “An Economic Viewpoint on the Biblical Joseph,” in Global Perspectives on the Bible, edited by Roncace and Weaver, Pearson Prentice Hall, 2013.
- Guégan, D. and W. Tarrant “On the necessity of five risk measures,” Annals of Finance: Volume 8, Issue 4, 2012, 533-555.
- “The sandpile model in financial crises," German Probability and Statistics Days, Essen, Germany, March 2023 “Financial Contagion and Self-Organized Criticality,” Vienna Congress on Mathematical Finance, September 2019. “An Econometric Analysis of the Flat Tax Revolution,” Computational and Financial Econometrics, London, December 2015 “Effective Historical Risk Measures,” Vienna Congress on Mathematical Finance, September 2016
- “An Econometric Analysis of the Flat Tax Revolution,” Computational and Financial Econometrics, London, December 2015
Research Interests
- Financial Mathematics
- Development economics
- Econophysics
Teaching Interests
- Probability
- Stochastic processes
- Differential equations