Mark Rubinstein's Home Page

	Mark Rubinstein
	Paul Stephens Professor of Applied Investment Analysis
	Haas School of Business University of California 545 Student Services Building Berkeley,CA 94720-1900 Phone: (510) 642-3580 Fax: (510) 643-1420 Email: rubinste@haas.berkeley.edu Homepage: www.in-the-money.com
	Spring Office Hours: Thursday 11:00 am-noon in Room F690

EDUCATION

Ph.D., Finance, UCLA, 1971
M.B.A., Finance, Stanford, 1968
A.B., Economics, Harvard University, 1966

RESEARCH INTERESTS

Derivatives
Valuation of various exotic options
Empirical tests of alternative option pricing models

TEACHING

BA 236, Seminar in Investments: Derivatives, Spring 1999
BA 203, Financial Policies of Business, Fall 1995

SELECTED PUBLICATIONS

"Option Pricing: A Simplified Approach" (with John Cox and Stephen Ross), Journal of Financial Economics, September 1979.

"Alternative Paths to Portfolio Insurance," Financial Analysts Journal, July/August 1985.

"Nonparametric Tests of Alternative Option Pricing Models Using All Reported Trades and Quotes on the 30 Most Active CBOE Option Classes from August 23, 1976 through August 31, 1978," Journal of Finance, June 1985.

"Portfolio Insurance and the Market Crash," Financial Analysts Journal, January/February 1988.

"Market Basket Alternatives," Financial Analysts Journal, September/October 1989.

"Implied Binomial Trees," Journal of Finance, July 1994.

"On the Accounting Valuation of Employee Stock Options," Journal of Derivatives, Fall 1995.

"Recovering Probability Distributions from Option Prices" (with Jens Jackweth), Journal of Finance, December 1996.

WORKING PAPER

"Exotic Options" (with Eric Reiner), 1992.

BOOKS

Cox, John, and Mark Rubinstein, Options Markets, Prentice-Hall, 1985 (translated Japanese edition, 1989).

Derivatives: A PowerPlus Picture Book, Volume 1, Futures, Options and Dynamic Strategies, 1998.

COMPUTER PROGRAMS

Rubinstein's Option Calculator, 1998

Updated: 3/18/99jw. Photograph by Billy Hustace

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