CME Group Says MSRI Prize in Innovative Quantitative Applications Awarded to Robert Shiller
CME Group and the Mathematical Sciences Research Institute (MSRI) announced today economist Robert Shiller is the 2012 recipient of the CME Group-MSRI Prize in Innovative Quantitative Applications. He will be honored at an award ceremony at W Chicago-City Center on Friday, October 12, at 10:30 a.m.
U.S. Rep. Barney Frank (D-Mass.) and Keith Hennessey, former National Economic Council director, will debate the topic: "The U.S. Housing and Financial Crisis: Aftermath & Afterthoughts" prior to the award ceremony.
The seventh annual CME Group-MSRI Prize recognizes individuals who contribute original concepts in mathematical, statistical or computational methods for the study of the markets' behavior and global economics.
"I am honored to be recognized by CME Group and MSRI for my work in the field of mathematical sciences and am thrilled both organizations see the impact quantitative research has on shaping global financial markets," Shiller said.
"Dr. Shiller's impact on financial services and economics is unparalleled," said Leo Melamed, CME Group Chairman Emeritus and Prize Selection Committee member. "The Standard & Poor's/Case Shiller Home Price Indices are critical to global economy. We are proud to add him to the distinguished list of recipients of the CME Group-MSRI Prize in Innovative Quantitative Applications."
"Professor Shiller's research has advanced the application of mathematical sciences toward understanding problems in the real world with rigor and innovative thinking that has been prescient in its grasp of the housing market bubble," said Robert Bryant, Director of MSRI and Prize Selection Committee member. "MSRI is proud to be collaborating with CME Group in recognizing Professor Shiller's fundamental contributions to financial economics and the international influence of his analysis of market behavior."