William F. Sharpe

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William F. Sharpe

William Forsyth Sharpe (born June 16, 1934 in Cambridge , Massachusetts ) is an American economist .

Sharpe was a full professor at the University of Washington in Seattle from 1961 to 1968 and from 1970 to his retirement in 1989 at Stanford University 's Graduate School of Business.

Research work

In 1990, William F. Sharpe received the Alfred Nobel Memorial Prize for Economics, together with Merton H. Miller and Harry M. Markowitz, for his research in the field of pricing theory in the capital market ( capital market theory ). Sharpe is one of the founders of Kapitalgutpreismodells ( English capital asset pricing model , abbreviated CAPM), one of the most significant capital market equilibrium models under uncertainty. He developed the Sharpe ratio , an indicator that measures the rate of return - risk -Verhältnisses ( performance ) of investments, the binomial method for the valuation of options , the gradient method to optimize asset allocation (ie the practical implementation of the findings of the portfolio theory ), as well as the return-based analysis to evaluate the style and performance of mutual funds .

Books and publications

William F. Sharpe wrote six books. His best-known works include Portfolio Theory and Capital Markets (McGraw-Hill, 1970 and 2000), Asset Allocation Tools (Scientific Press, 1987), Fundamentals of Investments (together with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 2000) and Investments (also with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 1999). His most recent work is Investors and Markets (2007).

He has also published numerous articles in prestigious economic journals, including Management Science , The Journal of Business , The Journal of Finance , Journal of Financial Economics , Journal of Financial and Quantitative Analysis , The Journal of Portfolio Management and the Financial Analysts Journal .

Further merits

Sharpe is a past president of the American Finance Association. He is an administrator of AXA Rosenberg Mutual Fund and a member of the Board of Directors of Financial Engines, Inc.

Academic degrees

William F. Sharpe received the Ph.D. , MA and BA in Economics from the University of California at Los Angeles . His other titles are Doctor of Humane Letters, Honoris Causa from DePaul University, a Doctorate Honoris Causa from the University of Alicante (Spain) and the UCLA Medal, the highest award from UCLA.

See also

Publications

  • Investors and Markets. Portfolio Choices, Asset Prices and Investment Advice. Princeton University Press, 2007
    • Markets and Investors. This is how you make the best investment decision with the right portfolio selection. FinanzBook-Verlag, Munich 2008, ISBN 978-3-89879-273-8

Web links

personal data
SURNAME Sharpe, William F.
ALTERNATIVE NAMES Sharpe, William Forsyth
BRIEF DESCRIPTION American economist
DATE OF BIRTH June 16, 1934
PLACE OF BIRTH Cambridge , Massachusetts