|The Mathematical Sciences Research Institute (MSRI), in conjunction with the CME (Chicago Mercantile Exchange), honored economist Stephen A. Ross, Franco Modigliani Professor of Financial Economics, MIT Sloan School of Management, by awarding him the inaugural CME Group-MSRI Prize in Innovative Quantitative Applications.
The award was presented on Thursday, September 21st, at the CME World Headquarters, in Chicago. The event included a seminar with a panel discussion followed by a reception, dinner, and keynote address by the prize recipient at the award ceremony.
A panel discussion on “Uses of Mathematics in Economics and the Study of financial Markets” included moderator Myron S. Scholes, Chairman, Platinum Grove Asset Management, and panelists James B. Knight, Director of Options Quantitative Research, Citadel Investment Group, L.L.C.; James F. Meisner, Managing Director, Alternative Investments, Commonfund; Robert C. Merton, John and Natty McArthur University Professor, Harvard School of Business; and Donald R. Wilson, Jr., Founder and CEO, DRW Holdings, L.L.C.
The annual CME Group/MSRI Prize will be awarded to an individual or a group, to recognize originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics.
|Stephen A. Ross, Franco Modigliani Professor of Financial Economics, MIT Sloan School of Management, 2006 recipient of the CME Group/MSRI Prize and Medal|
|2006 CME Group/MSRI Prize Selection Committee:
Darrell Duffie (Committee Chair), Stanford Graduate School of Business
David Eisenbud, Mathematical Sciences Research Institute
Leo Melamed, CME Group
Mark Rubinstein, UC Berkeley Haas School of Business
Myron Scholes, Platinum Grove Asset Management
Hugo Sonnenschein, University of Chicago, Department of Economics
Medal awarded to the winner of the CME Group/MSRI Prize in Innovative Quantitative Applications (Ben Blackwell photography)