Financial Engineering Practitioners Seminar: Market Turbulence; Monetization; and Universality

Date: 02-25-2013

Start Time: 6:00pm
End Time: 7:30pm
Speaker:Michael Lipkin

Location: 412 Schapiro CEPSR, Davis Auditorium

ABSTRACMicT

Shocks in financial markets create regions of turbulence which are out-of-equilibrium. Prices in this region are frequently monetizable. Are there universal properties? Some of the work presented here was done by CU students in the course; Experimental Finance.

BIO

Mike Lipkin has been an options market maker for the past 16 years on the American Stock Exchange. He has also done research in derivatives, producing with M. Avellaneda a generally accepted theory of the pinning of optionable stocks on expirations. Current research involves take-overs, earnings and special announcements, all topics covered in the course, Experimental Finance, he co-developed and teaches here with Sacha Stanton. His background includes a PhD in Chemistry, but the best training for derivatives work has been a mild expertise in bridge playing.


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