Douglas T. Breeden is the William W. Priest Professor of Finance and former Dean of the

Fuqua School of Business The Duke University Fuqua School of Business (pronounced ) is the business school of Duke University, a Private university, private research university in Durham, North Carolina. It enrolls more than 1,300 students in degree-seeking programs. Du ...

Duke University Duke University is a Private university, private research university in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present-day city of Trinity, North Carolina, Trinity in 1838, the school moved to Durham in 1 ...

. He is best known for establishing the use of

state price In financial economics, a state-price security, also called an Arrow–Debreu security (from its origins in the Arrow–Debreu model), a pure security, or a primitive security is a contract that agrees to pay one unit of a numeraire (a currency or ...

s in

financial economics Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on ''both sides'' of a trade".William F. Sharpe"Financial Economics", in Its co ...

, and for his work on the Consumption CAPM. He was the International Association for Quantitative Finance “Financial Engineer of the Year 2013”, and was Founding Editor of the '' Journal of Fixed Income''. He holds a Ph.D. in Finance from

Stanford Leland Stanford Junior University, commonly referred to as Stanford University, is a private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth governor of and th ...

and an S.B. in

Management Science Management science (or managerial science) is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is ...

from

M.I.T. The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of modern technology and sci ...

References

{{DEFAULTSORT:Breeden, Douglas Duke_University_faculty Massachusetts Institute of Technology alumni Stanford University alumni Financial economists Year of birth missing (living people) Living people