Ninth Lecture

The Department of Economics

The Grunberg Lecture Series

Ninth Grunberg Lecture - April 26, 1996

Professor Harry M. Markowitz Distinguished Professor, Emeritus, Baruch College and Research Professor University of California, San Diego Nobel Prize in Economics, 1990 "Data Mining And What To Do About It" Professor Markowitz shared the Nobel Prize in 1990 with Professor Merton Miller (University of Chicago) and Professor William Sharpe (Stanford University). Their work is known individually as portfolio theory, capital asset pricing model, and Miller-Modigliani theorem; collectively their theories have provided new tools for weighing risks and rewards of different investments and for valuing corporate stocks and bonds. Professor Markowitz has applied computer and mathematical techniques to practical decision making in finance. He received the Nobel Prize for his work on portfolio theory, a major technique for weighing the risks and rewards of holding different corporate stocks and bonds. His topic examines the problems of basing financial decisions for the future on past data and shows how better estimates can be made. Professor Markowitz's work is important to all those interested in financial decision making.

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(Click a lecture for more information.)

•      The First Lecture, 1988, Herbert A. Simon (Nobel 1978)
•      The Second Lecture, 1989, William Cooper (Von Neumann Medal 1982)
•      The Third Lecture, 1990, Franco Modigliani (Nobel 1985)
•      The Fourth Lecture, 1991, Richard Cyret
•      The Fifth Lecture, 1992, James Tobin (Nobel 1981)
•      The Sixth Lecture, 1993, Robert Solow (Nobel 1987)
•      The Seventh Lecture, 1994, Kenneth Arrow (Nobel 1972)
•      The Eighth Lecture, 1995, Lawrence Klein (Nobel 1980)
•      The Tenth Lecture, 1997, Douglas C. North (Nobel 1993)
•      The Eleventh Lecture, 1998, James A. Mirrlees (Nobel 1996)
•      The Twelfth Lecture, 1999, Robert W. Fogel (Nobel 1993)
•      The Thirteenth Lecture, 2000, Herbert A. Simon (Nobel 1977)
•      The Fourteenth Lecture, 2001, Joseph Stiglitz (Nobel 2001)
•      The Fifteenth Lecture, 2002, James A. Heckman (Nobel 2000)
•      The Sixthteenth Lecture, 2004, Vernon L. Smith (Nobel 2002)
•      The Seventeenth Lecture, 2006, Finn Kydland (Nobel 2004)
•      The Eighteenth Lecture, 2008, George Akerlof (Nobel 2001)