||February 25, 2013 from 6:00 pm to 7:30 pm EST
||412 Schapiro CEPSR, Davis Auditorium
||For further information regarding this event, please contact Ashya Shaw by sending email to firstname.lastname@example.org .
||Click Here to Visit Website.
Title: Market turbulence, monetization, and universality.
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.
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.