Richard Emeric Quandt (born 1 June 1930, in

Budapest Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by popul ...

) is a

Guggenheim Fellowship Guggenheim Fellowships are Grant (money), grants that have been awarded annually since by the John Simon Guggenheim Memorial Foundation, endowed by the late Simon Guggenheim, Simon and Olga Hirsh Guggenheim. These awards are bestowed upon indiv ...

-winning

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

who analyzed the results of the

Judgment of Paris The Judgement of Paris is a story from Greek mythology, which was one of the events that led up to the Trojan War, and in later versions to the foundation of Rome. Eris (mythology), Eris, the goddess of discord, was not invited to the wedding ...

wine tasting Wine tasting is the sensory examination and evaluation of wine. While the practice of wine tasting is as ancient as its production, a more formalized methodology has slowly become established from the 14th century onward. Modern, professional w ...

event with

Orley Ashenfelter Orley Clark Ashenfelter (born October 18, 1942) is an American economist and the Joseph Douglas Green 1895 Professor of Economics emeritus at Princeton University. His areas of specialization include labor economics, econometrics, and law and eco ...

.Orley Ashenfelter and Richard E. Quand
Analyzing a Wine Tasting Statistically
Quandt served as a professor of economics 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 ...

. In 1979 he was elected as a

Fellow of the American Statistical Association Like many other academic professional societies, the American Statistical Association (ASA) uses the title of Fellow of the American Statistical Association as its highest honorary grade of membership. The designation of ASA Fellow has been a sign ...

. He was elected to the

American Philosophical Society The American Philosophical Society (APS) is an American scholarly organization and learned society founded in 1743 in Philadelphia that promotes knowledge in the humanities and natural sciences through research, professional meetings, publicat ...

in 1991 and the

American Academy of Arts and Sciences The American Academy of Arts and Sciences (The Academy) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and other ...

in 1994. He is current senior adviser to the

Andrew W. Mellon Foundation The Andrew W. Mellon Foundation, commonly known as the Mellon Foundation, is a New York City-based private foundation with wealth accumulated by Andrew Mellon of the Mellon family of Pittsburgh, Pennsylvania. It is the product of the 1969 merger ...

. Quandt is a member of the

American Association of Wine Economists The American Association of Wine Economists (AAWE) is a non-profit, educational organization based in New York City. The organization was founded by Karl Storchman, alongside Orley Ashenfelter, Kym Anderson, Robert Stavins, and Victor Ginsbur ...

and editor of their journal, the '' Journal of Wine Economics''. In 2012, he was involved in organizing a blind tasting event comparing wines produced in France with several wines produced in New Jersey held at

and known as the "

Judgment of Princeton The Judgment of Princeton was a wine tasting (or blind tasting) event held on 8 June 2012 during a conference of the American Association of Wine Economists held at Princeton University in Princeton, New Jersey. The purpose of this event was to co ...

." He received a

B.A. A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts degree ...

from

and a

Ph.D. A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...

from

Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...

Published works

*''The Changing Landscape in Eastern Europe: A Personal Perspective on Philanthropy and Technology Transfer'' Oxford University Press 2002 *(with Andrew Lass). ''Library automation in transitional societies: lessons from Eastern Europe''. New York: Oxford University Press, 2000. . * ''The Collected Essays of Richard E. Quandt (Economists of the Twentieth Century)'' Edward Elgar Publishing 1992 *''Racetrack Betting: The Professor's Guide to Strategies'' Praeger Paperback 1991 *(with James M. Henderson). ''Microeconomic Theory: A Mathematical Approach'' Mcgraw-Hill College 1980

References

{{DEFAULTSORT:Quandt, Richard E. 1930 births Fellows of the American Statistical Association Fellows of the Econometric Society Living people Econometricians Princeton University faculty Fellows of the American Academy of Arts and Sciences Princeton University alumni Harvard University alumni Members of the American Philosophical Society

See also

Published works

References