Research Associate

Department of Applied Mathematics
University of Washington

Office: Lewis Hall # 315


My CV (pdf)

Bahman Angoshtari


  • D.Phil. in Mathematics (2014), University of Oxford

  • M.Sc. (with distinction) in Applied mathematics (2009), University of Twente

  • B.Sc. in Industrial engineering (2004), Sharif University of Technology

Research interests

  • Financial and Actuarial Mathematics, Stochastic Optimization, Stochastic Analysis, Reinforcement Learning, Financial Data Analysis.


  1. "Optimal investment to minimize the probability of drawdown", with Erhan Bayraktar and Virginia Young, Stochastics, 88(6):946-958, 2016.

  2. "Minimizing the probability of lifetime drawdown under constant consumption", with Erhan Bayraktar and Virginia Young, Insurance: Mathematics and Economics, 69:210-223, 2016.

  3. "Minimizing the expected lifetime spent in drawdown under proportional consumption", with Erhan Bayraktar and Virginia Young,
    Finance Research Letters, 15:106-114, 2015.

Preprints and working papers

  • "Optimal dividend policies under ratcheting and drawdown constraints on dividends", with Erhan Bayraktar and Virginia Young, in preparation.



  • Instructor for Machine Learning for Finance (CFRM 521), University of Washington, Spring 2018.

  • Instructor for Financial Data Science (CFRM 502), University of Washington, Winter 2018.

  • Instructor for Introduction to Probability (MATH 425), University of Michigan, Spring 2017.

  • Instructor for Mathematics of Finance (MATH 423), University of Michigan, Fall 2016, and Winter 2017.

  • Instructor for Numerical Methods with Financial Applications (MATH 472), University of Michigan, Fall 2015.

  • Instructor for Discrete State Stochastic Processes (MATH/STAT 526), University of Michigan, Fall 2014, Winter 2015, Winter 2016.

  • Instructor for Calculus I (MATH 115), University of Michigan, Fall 2014.

  • Tutor for Stochastic Control and Dynamic Asset Allocation, University of Oxford, Winter 2011. 

  • Teaching assistant for Martingales Through Measure Theory, University of Oxford, Fall 2010.