Sept 27-University Lecture Series - Carnegie Mellon University

The Sixth Nash Distinguished Lecture Series in Quantitative Finance

Can Financial Engineering Cure Cancer?

by Andrew W. Lo, Massachusetts Institute of Technology

Thursday, September 27, 2012

4:30 pm, Porter Hall #100

Reception immediately following the lecture

As disruptive as the recent financial crisis has been, the important lessons to be learned from the spectacular failure of financial technologies gone awry may actually pave the way for some of the most significant achievements of the 21st century. In this talk, Professor Lo will provide a brief overview of the key role that financial innovation played in the crisis, and how a deeper appreciation of human nature and incentives may allow financial engineers to focus the enormous power of global financial markets on one of society's most pressing challenges: curing cancer.

Andrew W. Lo is the Harris & Harris Group Professor of Finance at the MIT Sloan School of Management, the director of MIT's Laboratory for Financial Engineering, and a principal investigator at MIT's Computer Science and Artificial Intelligence Lab. He received his Ph.D. in economics from Harvard University in 1984, and taught at the University of Pennsylvania's Wharton School from 1984 to 1988. He has published numerous articles in finance and economics journals, and has authored several books, including The Econometrics of Financial Markets, A Non-Random Walk Down Wall Street, and Hedge Funds: An Analytic Perspective. He is currently a co-editor of the Annual Review of Financial Economics and an associate editor of the Financial Analysts Journal, the Journal of Portfolio Management, and the Journal of Computational Finance. He is also a research associate of the National Bureau of Economic Research, a consultant to the Oce of Financial Research, a member of the Financial Industry Regulatory Authority (FINRA) Economic Advisory Committee, Moody's Academic Advisory and Research Committee, the New York Fed's Financial Advisory Roundtable, and founder and chief investment strategiest of AlphaSimplex Group, LLC, an investment advisory firm in Cambridge, Massachusetts.