Harry Markowitz

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Harry Markowitz
Born (1927-08-24) August 24, 1927 (age 96)
NationalityUnited States
InstitutionHarry Markowitz Company
Rady School of Management at the University of California at San Diego
Baruch College of the City University of New York
RAND Corporation
Cowles Commission
FieldFinancial economics
School or
Chicago School of Economics
Alma materUniversity of Chicago, (PhD)
ContributionsModern Portfolio Theory
Efficient/ Markowitz Frontier
Sparse Matrix Methods
AwardsJohn von Neumann Theory Prize (1989)
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (1990)
Information at IDEAS / RePEc

Harry Max Markowitz (born August 24, 1927) is an American economist of Jewish descent. He received the 1989 John von Neumann Theory Prize and the 1990 Nobel Prize in Economics.

Early life[change | change source]

Markowitz was born on August 24, 1927 in Chicago, Illinois.[1] He studied at the University of Chicago.

Career[change | change source]

Markowitz is a professor of finance at the Rady School of Management at the University of California, San Diego (UCSD). He is best known for his pioneering work in Modern Portfolio Theory, studying the effects of asset risk, return, correlation and diversification on probable investment portfolio returns.

Markowitz won the Nobel Prize in Economics in 1990.

Personal life[change | change source]

Markowitz now lives in Chicago, Illinois as a retired professor.[1]

References[change | change source]

  1. 1.0 1.1 Harry M. Markowitz – Autobiography[permanent dead link], The Nobel Prizes 1990, Editor Tore Frängsmyr, [Nobel Foundation], Stockholm, 1991

Other websites[change | change source]