Fischer Black Prize
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Fischer Black Prize
Fischer Black Prize is a memorial prize awarded in honor of Fischer Black that rewards individual financial research. The prize was established in 2002 and first awarded in 2003. It is awarded to a financial scientist for a body of work that demonstrates significant original research that is relevant to finance practice. Eligible scholars must either be below 40 years in age, or under age 45 but not have been awarded a Ph.D. (or equivalent) by age 35. The prize is awarded biennially at the American Finance Association's Annual Meeting. This award to honor a leading young finance scholar is analogous to the John Bates Clark Medal in economics and the Fields Medal in mathematics. The award honors Fischer Black, a former General Partner at Goldman Sachs and Professor at the Massachusetts Institute of Technology. Among Black's notable research accomplishments was the development (with Myron Scholes) of the Black–Scholes option pricing model. The awardee is chosen for having a bod ...
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Fischer Black
Fischer Sheffey Black (January 11, 1938 – August 30, 1995) was an American economist, best known as one of the authors of the Black–Scholes equation. Working variously at the University of Chicago, the Massachusetts Institute of Technology, and at Goldman Sachs, Black died two years before the Nobel Memorial Prize in Economic Sciences (which is not given posthumously) was awarded to his collaborator Myron Scholes and former colleague Robert C. Merton for the Black-Scholes model and Merton's application of the model to a continuous-time framework. Black also made significant contributions to the capital asset pricing model and the theory of accounting, as well as more controversial contributions in monetary economics and the theory of business cycles. Background Fischer Sheffey Black was born on January 11, 1938. He graduated from Harvard College with a major in physics in 1959 and received a PhD in applied mathematics from Harvard University in 1964. He was initially ex ...
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Financial Institution
A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institution: # Depository institution – deposit (finance), deposit-taking institution that accepts and manages deposits and makes loans, including bank, building society, credit union, trust company, and mortgage broker; # Contractual institution – insurance company and pension fund # Investment institution – investment banking, investment bank, underwriter, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * commercial bank * cooperative banking, cooperative bank Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business str ...
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France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ...
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Xavier Gabaix
Xavier Gabaix (born August 1971) is a French economist, currently the Pershing Square Professor of Economics and Finance at Harvard University. He has been listed among the top 8 young economists in the world by ''The Economist''. He holds a B.A. in mathematics from the Ecole Normale Supérieure, as well as a Ph.D. in Economics from Harvard University. Gabaix mostly researches asset pricing, behavioral economics, and macroeconomics. He has many notable and highly original research contributions on a number of subjects in financial economics, including the level of compensation of corporate executives, and behaviorally influenced decision making and its influence on asset market behaviour. In some of his work, he has made use of axiom-based models of the shapes of the tails of probability distributions. A hallmark of Professor Gabaix's research style is his propensity to take unexpected directions. He previously held a position as associate professor of economics at the Massachus ...
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Columbia University
Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church (Manhattan), Trinity Church in Manhattan, it is the oldest institution of higher education in New York (state), New York and the fifth-First university in the United States, oldest in the United States. Columbia was established as a Colonial colleges, colonial college by royal charter under George II of Great Britain. It was renamed Columbia College (New York), Columbia College in 1784 following the American Revolution, and in 1787 was placed under Trustees of Columbia University in the City of New York, a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved to its current location in Morningside Heights and renamed Columbia University. Columbia is organized into twenty schoo ...
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Princeton University
Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. The institution moved to Newark, New Jersey, Newark in 1747 and then to its Mercer County, New Jersey, Mercer County campus in Princeton nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest List of colleges and universities in the United States by endowment, endowment per student in the United States. Princeton provides undergraduate education, undergraduate and graduate education, graduate instruction in the hu ...
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Behavioural Finance
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. Behavioral economics began as a distinct field of study in the 1970s and 1980s, but can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behavioral economics is still growing as a field, being used increasingly in res ...
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Harrison Hong
Harrison Hong is the John R. Eckel Jr. Professor of Financial Economics at Columbia University. He was awarded the 2009 Fischer Black Prize by the American Finance Association, given biennially to a financial economics scholar under the age of 40 for significant original research that is relevant to finance practice. He received his B.A. in economics and statistics with highest distinction from the University of California, Berkeley in 1992 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1997. He was earlier the John Scully ’66 Professor of Economics and Finance at Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial .... His research interests include behavioural finance and stock market efficiency, asset pricing and trading under mark ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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University Of California, Los Angeles
The University of California, Los Angeles (UCLA) is a public university, public Land-grant university, land-grant research university in Los Angeles, California, United States. Its academic roots were established in 1881 as a normal school then known as the southern branch of the California State Normal School which later evolved into San Jose State University, San José State University. The branch was transferred to the University of California to become the Southern Branch of the University of California in 1919, making it the second-oldest of the ten-campus University of California system after the University of California, Berkeley. UCLA offers 337 undergraduate and graduate degree programs in a range of disciplines, enrolling about 31,600 undergraduate and 14,300 graduate and professional students annually. It received 174,914 undergraduate applications for Fall 2022, including transfers, the most of any Higher education in the United States, university in the United Stat ...
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Yale SOM
The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University, a private research university in New Haven, Connecticut. The school awards the Master of Business Administration (MBA), MBA for Executives (EMBA), Master of Advanced Management (MAM), Master's Degree in Systemic Risk (SR), Master's Degree in Global Business & Society (GBS), Master's Degree in Asset Management (AM), and Ph.D. degrees, as well as joint degrees with nine other graduate programs at Yale University. The Yale School of Management is one of six Ivy League Business Schools. The school conducts education and research in leadership, behavioral economics, operations management, marketing, entrepreneurship, organizational behavior, and other areas. The EMBA program offers focused study in healthcare, asset management, or sustainability. The school also offers semester-long student exchange programs with HEC Paris, IESE, the London School of Economics, the NUS Busine ...
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Tobias J
Tobias is the transliteration of the , which is a Graecisation of the Hebrew biblical name . With the biblical Book of Tobit being present in the Deuterocanonical books and Biblical apocrypha, Tobias is a popular male given name for both Christians and Jews in English-speaking countries, German-speaking countries, the Low Countries, and Scandinavian countries. In English-speaking countries, it is often shortened to Toby and derivative names include Tobey. In German, this name appears as Tobias or Tobi; in French as Tobie; and in Swedish as Tobias or Tobbe. In other languages * Danish, Norwegian, German, Dutch, Swedish, Portuguese: Tobias * Amharic: ጦቢያ ''Ṭobiya'' * Burmese: တိုဘိယ (''Tobiya'') * Catalan: Tobies * Chinese (Simplified): 托拜厄斯 (Tuōbàièsī) * Chinese (Traditional):託比亞斯 (Tuōbǐyǎsī) * Croatian: Tobijaš * Czech: Tobiáš, Tobias * Finnish: Topias, Topi * French: Tobie * Greek: Τωβίας ''(Tobías)'' or '' (Tov ...
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