Wednesday, January 3, 2024

Leveraging Financial Math to Capture Volatility in Medicine

 A model used in finance to characterize unpredictable stock price changes could provide a useful framework for tackling variability in healthcare. By quantifying fluctuating volatility, the Heston Model may offer improved disease forecasting and individualized medication dosing. Before clinical adoption, rigorous empirical testing is essential. However, the mathematical versatility merits open-minded assessment, as validated applications could yield clinical dividends.

Citation: Heston TF. Quantifying uncertainty: potential medical applications of the heston model of financial stochastic volatility. Contemporary Perspective on Science, Technology and Research. 2024 Jan 1;3:92-103.