Sloan Prof. Awarded Deutsche Bank Prize in Financial Economics

MIT Sloan School of Management Professor Stephen Ross has been awarded the 2015 Deutsche Bank Prize in Financial Economics. This prize is awarded by the Frankfurt, Germany-based Center for Financial Studies to academics whose ideas influence other macroeconomists and policy makers every other year.

The Deutsche Bank prize includes a 50,000 euro award, which is about $56,000, and a related academic symposium that will be held in September 2015. Past winners of the prize include Eugene Fama and Robert Shiller, two financial economists who shared last year’s Nobel Prize in economics with Lars Peter Hansen.

Ross is the Franco Modigliani Professor of Financial Economics and a Professor of Finance at Sloan. He was also previously the Sterling Professor of Economics and Finance at Yale University and a professor of economics and finance at the Wharton School of the University of Pennsylvania. Ross also serves as  the chairman of Compensation Valuation, Inc. (CVI), and the principal and chief investment officer of Ross Institutional Investors, LLC (RII).

Ross’s current research is focused on extending and applying the Recovery Theorem.  The Recovery Theorem enables us to extract or “recover,” from the prices of options, the market’s probability distribution for future returns.  He is now also extending this from the equity markets to the fixed income markets and exploring the mathematical foundations of recovery.

In addition to the Deutsche Bank Prize, Ross has been awarded the Graham and Dodd Award for financial writing, the Pomerance Prize for excellence in the area of options research, the University of Chicago’s Leo Melamed Prize for the best research by a business school professor and the 1996 IAFE Financial Engineer of the Year Award.

regions: Boston

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