Friday, April 26, 2013
Mathematical Sciences Professor Steven Shreve Named University Professor
University Professorship is the Highest Faculty Distinction at Carnegie Mellon
PITTSBURGH- Mathematical Sciences Professor Steven E. Shreve, is one of four professors to received the elite distinction of University Professor, the highest academic accolade a faculty member can achieve at Carnegie Mellon. The rank of University Professor recognizes a faculty member for representing the intellectual leadership of Carnegie Mellon through their expertise and accomplishments in their respective fields of study.
Along with Shreve, Carnegie Mellon University President Jared L. Cohon, Thomas Lord Professor of Economics Dennis Epple and D.O. Hebb Professor of Psychology Marcel Just were named to the 2013 Class of University Professors.
Shreve, the Orion Hoch Professor of Mathematical Sciences, has been a member of the Carnegie Mellon faculty since 1980.
Working with students and colleagues, including Dietrich College of Humanities and Social Sciences Dean John Lehoczky, Shreve has played a key role in laying the foundations for the modern mathematical theory of optimal portfolio construction in the presence of market uncertainty, work that has built on that of Nobel Laureate Robert Merton. He has become internationally recognized for this and his other work in mathematics applied to finance, including the development of models for pricing exotic derivative securities and convertible bonds.
"Steve Shreve is among the top mathematical finance researchers in the world," said Fred Gilman, dean of the Mellon College of Science. "While his research accomplishments alone would make him worthy of being named a University Professor, he has contributed even more by bringing his expertise to the classroom. His dedication to the mathematical and computational finance programs at the university has made Carnegie Mellon one of the best universities in the field."
In addition to his research, Shreve helped found Carnegie Mellon's highly regarded bachelor's, master's and doctoral programs in computational and mathematical finance. These programs bring together the expertise of the Department of Mathematical Sciences in the Mellon College of Science, the Department of Statistics in the Dietrich College of Humanities and Social Sciences, the Tepper School of Business and the School of Public Policy and Management in the Heinz College. The programs have been ranked among the top in the country, and the programs' graduates are in high demand at the world's top financial institutions.
Shreve has authored many important books on the mathematics of financial derivatives, including "Methods of Mathematical Finance" and the two-volume "Stochastic Analysis for Finance." He has served as the president of the Bachelier Finance Society, the leading professional society for quantitative finance, and is a fellow of the Institute of Mathematical Statistics.
By: Jocelyn Duffy, email@example.com, 412-268-9982