The Grunberg Lecture Series | Ninth Grunberg Lecture
April 26, 1996
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| Professor Harry M. Markowitz Distinguished Professor, Emeritus, Baruch College and Research Professor University of California, San Diego Nobel Prize in Economics, 1990 "Data Mining And What To Do About It" Professor Markowitz shared the Nobel Prize in 1990 with Professor Merton Miller (University of Chicago) and Professor William Sharpe (Stanford University). Their work is known individually as portfolio theory, capital asset pricing model, and Miller-Modigliani theorem; collectively their theories have provided new tools for weighing risks and rewards of different investments and for valuing corporate stocks and bonds. Professor Markowitz has applied computer and mathematical techniques to practical decision making in finance. He received the Nobel Prize for his work on portfolio theory, a major technique for weighing the risks and rewards of holding different corporate stocks and bonds. His topic examines the problems of basing financial decisions for the future on past data and shows how better estimates can be made. Professor Markowitz's work is important to all those interested in financial decision making. |
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