Kostas Kardaras

Professor Kostas Kardaras is a faculty member in the Department of Statistics at the London School of Economics (LSE). He holds the academic rank of Professor and specializes in Stochastic Analysis with applications to Financial Mathematics. His research focuses on topics including arbitrage theory, financial equilibrium, stochastic optimal control, and semimartingale theory. Notable contributions include work on numéraire portfolios, robust maximization of asymptotic growth, and the analysis of market completeness under filtration shrinkage.

He previously served as an Assistant Professor at Boston University's Mathematics & Statistics department before joining LSE. His work bridges theoretical probability and applied finance, addressing challenges in risk-sharing markets, hedging strategies, and long-term investment optimization. Key publications include Portfolio Theory and Arbitrage: a course in Mathematical Finance (co-authored with Ioannis Karatzas) and influential papers in Finance & Stochastics and Annals of Applied Probability.

His research demonstrates expertise in handling complex stochastic models, particularly under conditions of model uncertainty and informational asymmetry. While no formal awards are listed in the provided texts, his extensive publication record and academic positions indicate significant recognition in his field. He advises on PhD applications in LSE's Statistics department and maintains an active research agenda in stochastic processes and financial mathematics.