Financial Engineering Practitioners Seminar: Market Turbulence; Monetization; and Universality, Michael Lipkin
Date: February 25, 2013 from 6:00 pm to 7:30 pm EST
Location: 412 Schapiro CEPSR, Davis Auditorium
Contact: For further information regarding this event, please contact Ashya Shaw by sending email to ashya@columbia.edu .
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Bookmark and Share Title: Market turbulence, monetization, and universality. Abstract: 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.