MATHEMATICS AND FINANCE INTERACTION: CHALLENGES AND OPPORTUNITIES IN THE UNDERSTANDING AND APPLICATION OF FINANCIAL CONCEPTS

This research article addresses the close relationship between mathematics and finance, highlighting its importance in understanding and applying financial concepts. It was recognized that financial knowledge is crucial in daily life and the business world. However, the need for a renewal in the teaching of financial mathematics has been raised due to the global financial crisis. The complexity of mathematical models in finance was highlighted, and the importance of higher-order thinking skills in this field was underlined. In addition, the dependence of financial mathematics on disciplines such as statistics and computer science is evident, and exploring areas such as psychology and neuroscience was suggested to obtain a better understanding of the complex aspects of finance. In summary, this article emphasizes the intimate relationship between mathematics and finance. It highlights the opportunities for development and the need for a multidisciplinary perspective in mathematical finance.