Eduardo Schwartz

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This article is about the professor of finance. For other uses, see Eduardo Schwartz (disambiguation).

Eduardo Saul Schwartz (born 1940) is a professor of finance at the Anderson School of Management, University of California, Los Angeles, where he holds the California Chair in Real Estate & Land Economics. He is known for pioneering research in several areas of finance, particularly derivatives.[1][2] His major contributions include: the real options method of pricing investments under uncertainty; the Longstaff–Schwartz model - a multi-factor short-rate model; the Longstaff-Schwartz method for valuing American options by Monte Carlo Simulation; the use of Finite difference methods for option pricing.

He has published more than 80 articles in finance and economics journals[3] and with Lenos Trigeorgis is an author of Real Options and Investment Under Uncertainty. His recent research focuses on the pricing of Internet companies, asset allocation issues, evaluation of natural resource investments, the stochastic behavior of commodity prices, and valuation of patent-protected R&D projects.[4]

He has served as associate editor for more than a dozen of journals, including Journal of Finance, Journal of Financial Economics and Journal of Financial and Quantitative Analysis. He is a research associate of the National Bureau of Economic Research and is a former president of the Western Finance Association and the American Finance Association.

Professor Schwartz received a B.Eng. (1963) in Industrial Engineering from the University of Chile, and an M.Sc. (1973) and Ph.D. (1975; supervisor: Michael Brennan) both in Business Administration from the University of British Columbia.

References[edit]

  1. ^ Phelim Boyle (2001). Financial Engineering: Some Tools of the Trade, ch. 10 in Derivatives: The Tools That Changed Finance.
  2. ^ Eduardo S. Schwartz, analysisgroup.com
  3. ^ Eduardo S. Schwartz Vitae, nber.org
  4. ^ Home page at UCLA

External links[edit]