Rate My Professor Johannes Karbe-Muhle

Muhle-Karbe's research focuses on mathematical finance, stochastic processes, and stochastic optimization. Key publications include "Stochastic liquidity as a proxy for nonlinear price impact" (with Zexin Wang and Kevin Webster, Operations Research 72(2): 444–458, 2024), "Closed-loop Nash competition for liquidity" (with Alessandro Micheli and Eyal Neuman, Mathematical Finance 33(4): 1082–1118, 2023), "A Leland model for delta hedging in central risk books" (with Zexin Wang and Kevin Webster, Mathematical Finance 33(3): 504–547, 2023), and forthcoming works such as "Hedging of fixing exposure" (with Roel Oomen and Benjamin Weber) and "Optimal contracts for delegated order execution" (with Martin Larsson and Benjamin Weber) in Mathematical Finance. He has received significant funding, including EPSRC projects on Pathwise Hedging (2021–2022), Closing Auctions (2021–2025), and Robust Out-of-Sample Performance (2021–2025), as well as grants from Deutsche Bank (2023-2027), Qube RT (2023-2026), and Nomura (2019–2023). His Ph.D. thesis "On Utility-Based Investment, Pricing and Hedging in Incomplete Markets" was awarded the Förderpreis of the Fachgruppe Stochastik of the German Mathematical Society in 2010 and the inaugural Nicola Bruti Liberati Prize of the Bachelier Finance Society in 2012; his Diploma thesis earned a main prize at the 2007 student conference of the German Mathematical Society. He is an Associate Editor for Annals of Applied Probability, Applied Mathematical Finance, Frontiers in Mathematical Finance, International Journal for Theoretical and Applied Finance, and Mathematics and Financial Economics, and has held roles such as Director of Enterprise in Imperial's Department of Mathematics (2019-2024) and member of promotions and impact committees since 2019.