- Stephen Ross (economist)
Stephen Alan "Steve" Ross is the inaugural
Franco ModiglianiProfessor of Financial Economics at the MIT Sloan School of Management. He is known for initiating several important theories and models in financial economics. He is a widely published author in finance and economics, and is coauthor of one of the best-selling Corporate Financetexts.
Professor Ross is best known for the development of the
arbitrage pricing theory(mid-1970s) as well as for his role in developing the Binomial options pricing model(1979; also known as the Cox-Ross-Rubinstein model). He was an initiator of the fundamental financial concept of risk-neutral pricing. In 1985 he contributed to the creation of the Cox-Ingersoll-Ross modelfor interest rate dynamics. Such theories have become an important part of the paradigm known as neoclassical finance.
Dr. Ross served as President of the
American Finance Associationin 1988. He was named International Association of Financial Engineers' Financial Engineer of the Year in 1996.
He gave the inaugural lecture of the Princeton Lectures in Finance, sponsored by the Bendheim Center for Finance of
Princeton University, in 2001. It became a book in 2004, defending neoclassical finance, and such notions as the efficiency and rationalityof markets, against critics, especially those who describe their work as behavioral finance.
Ross received his doctorate of economics from
Harvard University, has taught at the University of Pennsylvania, Yale School of Management, and MIT.
* [http://sloancf.mit.edu/vpf/facstaff.cfm?ID=226&ProfType=F&sortorder=name Sloan Faculty Profile]
* [http://cepa.newschool.edu/het/profiles/ross.htm Bibliography and References @ newschool.edu]
Wikimedia Foundation. 2010.
Look at other dictionaries:
Stephen Ross — may refer to:* Stephen Jay Ross (1927–1992), U.S. communications businessman * Stephen Ross, Baron Ross of Newport, former Liberal MP for the Isle of Wight * Stephen Ross (economist) * Stephen David Ross (b. 1935), a philosopher * Stephen M. Ross … Wikipedia
Ross (disambiguation) — Ross is the name of many places, persons and things:Places;United Kingdom * Ross, a historical area in Scotland ** The County of Ross, also known as Ross shire , and ** Ross and Cromarty, later administrative areas, which include most or all of… … Wikipedia
Stephen McIntyre — For the English software engineer, see Steve McIntyre. Stephen McIntyre Born c. 1947 Nationality Canadian Education BSc (mathematics) MA (philosophy, politics, and economics) Alma mater … Wikipedia
Ross School of Business — Stephen M. Ross School of Business Motto Leading in Thought and Action … Wikipedia
Ross McKitrick — is a Canadian economist specializing in environmental economics and policy analysis. McKitrick gained his doctorate in economics in 1996 from the University of British Columbia, and in the same year was appointed Assistant Professor in the… … Wikipedia
Steve Ross — may refer to:* Steve Ross (Time Warner CEO), Time Warner CEO. * Stephen Ross (politician), British politician. * Stephen Ross (economist) * Steve Ross (director), film director … Wikipedia
Dennis Ross — For the US Representative from Florida, see Dennis A. Ross. Ross speaking at Emory University. Dennis B. Ross (born November 26, 1948) is an American diplomat and author. He has served as the Director of Policy Planning in the State Department… … Wikipedia
Arthur Ross Book Award — The Arthur Ross Book Award was endowed in 2001 by Arthur Ross for the purpose of recognizing books that make an outstanding contribution to the understanding of foreign policy or international relations. The prize is for nonfiction works from the … Wikipedia
Arbitrage pricing theory — (APT), in finance, is a general theory of asset pricing, that has become influential in the pricing of shares. APT holds that the expected return of a financial asset can be modeled as a linear function of various macro economic factors or… … Wikipedia
List of Brandeis University people — Here follows a list of notable alumni and faculty of Brandeis University. = Notable alumni = Academia * Bonnie Berger: Professor of Applied Mathematics, Massachusetts Institute of Technology * David Bernstein: Law professor and blogger… … Wikipedia