In the financial world, two plus two doesn't always equal four. Within a given financial portfolio, each investment is typically assigned a number to indicate its level of riskiness, or how likely it is to lose money. Determining the risk of the entire portfolio, however, goes far beyond simply adding the risk measures of individual investments. Often, the investments are dependent on one another, meaning that the failure of one can trigger a chain reaction and have an effect on the entire po
The National Science Foundation has named Patrick Cheridito, an assistant professor of operations research and financial engineering, as the recipient of a CAREER award. The award is the foundation's most prestigious grant to support the development of teacher-scholars early in their careers.
Princeton University bestowed its highest teaching award on chemical engineering Professor Sankaran (Sundar) Sundaresan during commencement ceremonies June 6, praising him for an unfailing dedication to illuminating complex subjects for students.