Education
High School, Lakeside (Seattle)
BA, Economics, Harvard University
MBA, Finance, Stanford University
Ph.D., Finance, University of California, Los Angeles
Positions Held
At Haas since 1972
2006 - present Professor of Finance
1995 - 2006 Paul Stephens Professor of Applied Investment Analysis, Haas School of Business, UC Berkeley
1980 - 1995 Full Professor, Haas School of Business, UC, Berkeley
1989 - 1995 Director, SuperShare Services Corporation
1984 - 1995 Director, Leland O'Brien Rubinstein Associates
1981 - 1984 Founding Principal and Executive Vice-President, Leland O'Brien Rubinstein Associates
1976 - 1980 Associate Professor, Haas School of Business, UC, Berkeley
1975 - 1976 Assistant Professor, Haas School of Business, UC, Berkeley
1975 - 1975 Visiting Assistant Professor, University of Washington
1972 - 1975 Assistant Professor, Haas School of Business, UC, Berkeley
1970 - 1972 Teaching Associate, University of California, Los Angeles
External Service and Assignments
- Associate Editor: Journal of Portfolio Management, Financial Analysts Journal, Journal of Derivatives, Journal of RISK.
- Advisory Board, Journal of Investment Management.
Current Research and Interests
- The history of the theory of investments
- Christianity
Selected Papers and Publications
- A History of the Theory of Investments: My Annotated Bibliography, published by Wiley, March 2006.
- Great Moments in Financial Economics: IV. The Fundamental Theory, Part II, first quarter 2006.
- Great Moments in Financial Economics: IV The Fundamental Theory, Part I, fourth quarter 2005.
- "Recovering Probabilities and Risk Aversion from Options Prices and Realized Returns" (with Jens Jackwerth) in The Legacy of Fischer Black, edited by Bruce Lehman, Oxford University Press, April 2004.
- Great Moments in Financial Economics: III. Short-Sales and Stock Prices, Journal of Investment Management, first quarter 2004.
- All in All, It's Been a Good Life, in The Growth of Modern Risk Management: A History, Risk Books, July 2003.
- Great Moments in Financial Economics: I. Present Value, Journal of Investment Management, first quarter 2003; II. Modigliani-Miller Theorem, Journal of Investment Management, second quarter 2003.
Teaching
- MFE230A: Fundamentals of Financial Economics
- MFE230C: Derivatives: Economic Concepts
- UGBA103: Introduction to Finance
- UGBA39D: How Christianity became the World's Dominant Religion
Honors and Awards
- Financial Analysts Foundation Graham and Dodd Plaque Award for the best paper to appear in the Financial Analysts Journal during 2001
- Earl F. Cheit Teaching Award (MFE, 2003)
- CBOE Pomerance Prize for Excellence in Options Research for "Option Pricing: A Simplified Approach" (awarded jointly with John Cox and Stephen Ross), 1978
- Institute for Quantitative Research in Finance (third prize) for "Tests of Alternative Option Pricing Formulas", 1982
- Biennial Leo Melamed Prize for Options Markets (co-authored with John Cox) awarded by the editors of the Journal of Business for the most significant published work by a faculty member of a school of business, 1984-85
- Institute for Quantitative Research in Finance (first prize) for "Alternative Paths to Portfolio Insurance", 1985
- Financial Analysts Foundation Graham and Dodd Plaque Award for excellence in financial writing awarded by the Financial Analysts Journal, 1985
- Institute for Quantitative Research in Finance (third prize) for "Derivative Assets Analysis", 1987
- Named "Businessman of the Year" (one of 12) by Fortune magazine (December), 1987
- Financial Analysts Foundation Graham and Dodd Scroll Award for excellence in financial writing awarded by the Financial Analysts Journal, 1988
- Financial Analysts Foundation Graham and Dodd Scroll Award for excellence in financial writing awarded by the Financial Analysts Journal, 1989
- Financial Engineer of the Year Award awarded by the International Association of Financial Engineers, 1995
- Institute for Quantitative Research in Finance (first prize) for "Recovering Probability Distributions from Option Prices", 1996
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haas.berkeley.edu
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