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HARRY MARKOWITZ
 Harry Markowitz, the co-winner of the 1990 Nobel Laureate in Economics, has applied computer and mathematical techniques to various practical decision-making areas. In his 1952 article and 1959 book, he presented what is now referred to as “Modern Portfolio Theory.” MPT has become a standard topic in college courses and texts on investments, and is widely used by institutional investors for asset allocation, risk control, and attribution analysis. In other areas, Harry developed “sparse matrix” techniques for solving very large mathematical optimization problems. These techniques are now standard in production software for optimization programs. He also designed and supervised the development of the SIMSCRIPT programming language. SIMSCRIPT has been widely used for programming computer simulations of systems like factories, transportation systems, and communication networks. In 1989, he received the John von Neumann Award from the Operations Research Society of America for his work in portfolio theory, sparse matrix techniques, and SIMSCRIPT. |
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Keith
Ambachtsheer
Burton Malkiel
Harry Markowitz
Richard Roll
Jack Treynor
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