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 How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung

nachricht Demographic change depresses tax revenues
04.11.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT

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: Shape matters when light meets atom

Mapping the interaction of a single atom with a single photon may inform design of quantum devices

Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...

Im Focus: Novel silicon etching technique crafts 3-D gradient refractive index micro-optics

A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.

Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...

Im Focus: Quantum Particles Form Droplets

In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.

“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...

Im Focus: MADMAX: Max Planck Institute for Physics takes up axion research

The Max Planck Institute for Physics (MPP) is opening up a new research field. A workshop from November 21 - 22, 2016 will mark the start of activities for an innovative axion experiment. Axions are still only purely hypothetical particles. Their detection could solve two fundamental problems in particle physics: What dark matter consists of and why it has not yet been possible to directly observe a CP violation for the strong interaction.

The “MADMAX” project is the MPP’s commitment to axion research. Axions are so far only a theoretical prediction and are difficult to detect: on the one hand,...

Im Focus: Molecules change shape when wet

Broadband rotational spectroscopy unravels structural reshaping of isolated molecules in the gas phase to accommodate water

In two recent publications in the Journal of Chemical Physics and in the Journal of Physical Chemistry Letters, researchers around Melanie Schnell from the Max...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ICTM Conference 2017: Production technology for turbomachine manufacturing of the future

16.11.2016 | Event News

Innovation Day Laser Technology – Laser Additive Manufacturing

01.11.2016 | Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

 
Latest News

IHP presents the fastest silicon-based transistor in the world

05.12.2016 | Power and Electrical Engineering

InLight study: insights into chemical processes using light

05.12.2016 | Materials Sciences

High-precision magnetic field sensing

05.12.2016 | Power and Electrical Engineering

VideoLinks
B2B-VideoLinks
More VideoLinks >>>