Harry Markowitz | |
|---|---|
| Born | Harry Max Markowitz August 24, 1927 Chicago, Illinois, U.S. |
| Died | June 22, 2023 (aged 95) San Diego, California, U.S. |
| Education | University of Chicago (PhB, MA, PhD) |
| Academic career | |
| Field | Financial economics |
| Institution | Harry Markowitz Company Rady School of Management at the University of California, San Diego Baruch College RAND Corporation Cowles Commission University of Pennsylvania[1] |
| School or tradition | Chicago School of Economics |
| Doctoral advisor | Milton Friedman Jacob Marschak |
| Influences | Tjalling Koopmans Leonard Savage |
| Contributions | Modern portfolio theory Efficient frontier Sparse matrix methods SIMSCRIPT |
| Awards | John 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 (August 24, 1927 – June 22, 2023) was an American economist who received the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences.
Markowitz was 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.