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Sept. 16: Media Advisory: Noted Economist To Discuss "Dark Markets" in Carnegie Mellon's Nash Distinguished Lecture


Jocelyn Duffy                        

Amy Pavlak

Media Advisory:
Noted Economist To Discuss "Dark Markets" in
Carnegie Mellon's Nash Distinguished Lecture

Event: The Fourth Annual Nash Distinguished Lecture features Darrell Duffie, the Dean Witter Distinguished Professor of Finance at Stanford University. Duffie will review evidence of "Dark Markets" from a growing body of empirical research, citing examples from insurance markets, bond markets, stock markets and money markets. He will suggest some conceptual approaches based on search theory.

Duffie, an active and well-recognized financial economist, is the author of four books, including the classic text "Dynamic Asset Pricing Theory." He has published more than 80 research articles that include mathematical models of interest rates, corporate defaults, optimal investment and equilibrium asset pricing. A fellow of the American Academy of Arts and Sciences and of the Econometric Society, Duffie was named Financial Engineer of the Year in 2003 by the International Association of Financial Engineering. He has served as a consultant or board member to major investment banks, energy companies, federal agencies and fund managers. Duffie is president-elect of the American Finance Association.

This annual lecture is named after John F. Nash, Jr., who in 1948 earned his bachelor's and master's degrees in mathematics from the Carnegie Institute of Technology. He earned his doctoral degree from Princeton University in 1950. In 1994, Nash, along with John Harsanyi and Reinhard Selten, received the Nobel Prize in Economic Sciences for their pioneering analysis of equilibria in the theory of non-cooperative games. This work, sometimes called the Nash Equilibrium, has greatly influenced research in economics and finance.

When: 4:30 p.m., Thursday, Sept. 18

Where: McConomy Auditorium, University Center, on the Carnegie Mellon campus