Lo portrait

Andrew Lo

Date: Thursday, September 29, 2011
Place: Procrastinator Theater, MSU Strand Union Building
Time: 3 pm

Title: Can Financial Engineering Cure Cancer, Solve the Energy Crisis and Stop Global Warming?

Sponsoring department: Mathematical Sciences

Summary:

As disruptive as the finnancial crisis has been, the important lessons to be learned from the spectacular failure of finnancial technologies gone awry may actually pave the way for some of the most significant achievements of the 21st century. In this talk, Dr. Lo will provide a brief overview of the origins of the crisis, the key role that mathematics played, and how a deeper understanding of human nature may allow finnancial engineers to focus the enormous power of global finnancial markets on some of societies most pressing challenges.

About the speaker:

Andrew W. Lo is the Harris & Harris Group Professor of Finance at the MIT Sloan School of Management and the director of MIT’s Laboratory for Financial Engineering. He is currently an associate editor of the Financial Analysts Journal, the Journal of Portfolio Management, the Journal of Computational Finance, and Statistica Sinica. His awards include the Alfred P. Sloan Foundation Fellowship, the Paul A. Samuelson Award, the American Association for Individual Investors Award, the Graham and Dodd Award, the 2001 IAFE-SunGard Financial Engineer of the Year award, a Guggenheim Fellowship, the CFA Institute’s James R. Vertin Award, and awards for teaching excellence from both Wharton and MIT. He is a former governor of the Boston Stock Exchange, and currently a research associate of the National Bureau of Economic Research, a member of the NASD’s Economic Advisory Board, and founder and chief scientific officer of AlphaSimplex Group, LLC, a quantitative investment management company based in Cambridge, Massachusetts.