The financial and banking sector is one of the mainstays of the Swiss economy. With the emergence of many competing markets, a major effort in terms of training and research is required to safeguard its future. The Swiss Finance Institute has been coordinating efforts at the national level since its creation in 2006. Last fall, it signed a partnership agreement with the EPFL (Ecole Polytechnique Federale de Lausanne), thereby adding the latter’s commitment to that of other major academic institutions.
The EPFL will contribute in several areas in relation to its scientific expertise, in particular financial engineering, in close cooperation with the Swiss Finance Institute’s other partner institutions, including the University of Lausanne. Today’s appointment of Dr.Bossaerts to the position of full professor by the Board of the Swiss Federal Institutes of Technology is a major step forward in this process.
Dr. Bossaerts, a Professor of Economics and Management and a Professor of Finance at Caltech, and a Research Fellow at the Centre for Economic Policy Research in London, is considered to be a top expert in empirical finance. He is also the Chair of Caltech’s Division of the Humanities and Social Sciences.
His arrival in Lausanne is part of the EPFL’s cross-disciplinary development. Dr. Bossaerts counts among the world’s leaders in emerging disciplines such as neuroeconomy. In particular, his research maps the activity in regions of the brains of economic operators such as brokers under the effect of market stimuli. The goal is to gain a better understanding of the reasoning processes that are a prelude to trading operations.
During his recent sabbatical year at the University of Lausanne, Dr. Bossaerts made many contacts on campus. “Peter Bossaerts’ arrival validates the strategy of cooperation in a complementary relationship within the Swiss Finance Institute, particularly between the two parts of the Lausanne campus. It spectacularly increases our teaching and research capabilities in an area critical to our economic future,” said Jean-Pierre Danthine, the Director of the Swiss Finance Institute and a professor at the University of Lausanne.
Dr. Bossaerts holds a doctorate in management awarded by the University of California–Los Angeles in 1986. He began his academic career as a research fellow at Carnegie Mellon University, where he served as assistant professor of finance from 1986 to 1990. He moved to Caltech as an associate professor, then advanced to full professor before becoming the division chair. He has distinguished himself by his scientific contribution to general finance on many fronts, and through his expertise in subjects such as financial asset allocation theory, business management and behavioral finance. He has published many articles in leading journals in all of these areas. In 2004, he published "The Paradox of Asset Pricing," a work summarizing his research and contributions within a consistent, unified system. This work addresses key issues such as the relationship between the models that attempt to predict prices on financial markets, the behavior of the individuals who act on these markets, and actual prices. It is a theoretical work that is of obvious interest to practitioners.
Mary Parlange | alfa
Blockchain Set to Transform the Financial Services Market
28.09.2016 | HHL Leipzig Graduate School of Management
Paper or plastic?
08.07.2016 | University of Toronto
Researchers from the Institute for Quantum Computing (IQC) at the University of Waterloo led the development of a new extensible wiring technique capable of controlling superconducting quantum bits, representing a significant step towards to the realization of a scalable quantum computer.
"The quantum socket is a wiring method that uses three-dimensional wires based on spring-loaded pins to address individual qubits," said Jeremy Béjanin, a PhD...
In a paper in Scientific Reports, a research team at Worcester Polytechnic Institute describes a novel light-activated phenomenon that could become the basis for applications as diverse as microscopic robotic grippers and more efficient solar cells.
A research team at Worcester Polytechnic Institute (WPI) has developed a revolutionary, light-activated semiconductor nanocomposite material that can be used...
By forcefully embedding two silicon atoms in a diamond matrix, Sandia researchers have demonstrated for the first time on a single chip all the components needed to create a quantum bridge to link quantum computers together.
"People have already built small quantum computers," says Sandia researcher Ryan Camacho. "Maybe the first useful one won't be a single giant quantum computer...
COMPAMED has become the leading international marketplace for suppliers of medical manufacturing. The trade fair, which takes place every November and is co-located to MEDICA in Dusseldorf, has been steadily growing over the past years and shows that medical technology remains a rapidly growing market.
In 2016, the joint pavilion by the IVAM Microtechnology Network, the Product Market “High-tech for Medical Devices”, will be located in Hall 8a again and will...
'Ferroelectric' materials can switch between different states of electrical polarization in response to an external electric field. This flexibility means they show promise for many applications, for example in electronic devices and computer memory. Current ferroelectric materials are highly valued for their thermal and chemical stability and rapid electro-mechanical responses, but creating a material that is scalable down to the tiny sizes needed for technologies like silicon-based semiconductors (Si-based CMOS) has proven challenging.
Now, Hiroshi Funakubo and co-workers at the Tokyo Institute of Technology, in collaboration with researchers across Japan, have conducted experiments to...
14.10.2016 | Event News
14.10.2016 | Event News
12.10.2016 | Event News
21.10.2016 | Health and Medicine
21.10.2016 | Information Technology
21.10.2016 | Materials Sciences