In a result that may have implications for financial regulation, researchers from computer science and economics have revealed potentially impenetrable problems with the pricing of financial derivatives -- sellers of these investments could purposefully include pieces of bad risk that no buyer could detect, even with the most powerful computers.
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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.
