Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

New Dimensions in Finance -- Caltech dean comes to Lausanne

05.07.2007
Cooperation between the Swiss Finance Institute and the EPFL will boost financial engineering, a strategic discipline for Switzerland. Peter Bossaerts, one of the world’s top specialists, has been appointed a professor in Lausanne.

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
Further information:
http://actualites.epfl.ch/presseinfo-com?id=472

More articles from Business and Finance:

nachricht Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Wafer-thin Magnetic Materials Developed for Future Quantum Technologies

Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.

Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...

Im Focus: World's thinnest hologram paves path to new 3-D world

Nano-hologram paves way for integration of 3-D holography into everyday electronics

An Australian-Chinese research team has created the world's thinnest hologram, paving the way towards the integration of 3D holography into everyday...

Im Focus: Using graphene to create quantum bits

In the race to produce a quantum computer, a number of projects are seeking a way to create quantum bits -- or qubits -- that are stable, meaning they are not much affected by changes in their environment. This normally needs highly nonlinear non-dissipative elements capable of functioning at very low temperatures.

In pursuit of this goal, researchers at EPFL's Laboratory of Photonics and Quantum Measurements LPQM (STI/SB), have investigated a nonlinear graphene-based...

Im Focus: Bacteria harness the lotus effect to protect themselves

Biofilms: Researchers find the causes of water-repelling properties

Dental plaque and the viscous brown slime in drainpipes are two familiar examples of bacterial biofilms. Removing such bacterial depositions from surfaces is...

Im Focus: Hydrogen Bonds Directly Detected for the First Time

For the first time, scientists have succeeded in studying the strength of hydrogen bonds in a single molecule using an atomic force microscope. Researchers from the University of Basel’s Swiss Nanoscience Institute network have reported the results in the journal Science Advances.

Hydrogen is the most common element in the universe and is an integral part of almost all organic compounds. Molecules and sections of macromolecules are...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Dortmund MST Conference presents Individualized Healthcare Solutions with micro and nanotechnology

22.05.2017 | Event News

Innovation 4.0: Shaping a humane fourth industrial revolution

17.05.2017 | Event News

Media accreditation opens for historic year at European Health Forum Gastein

16.05.2017 | Event News

 
Latest News

New approach to revolutionize the production of molecular hydrogen

22.05.2017 | Materials Sciences

Scientists enlist engineered protein to battle the MERS virus

22.05.2017 | Life Sciences

Experts explain origins of topographic relief on Earth, Mars and Titan

22.05.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>