Achievements and Honors
Member of founding committee for the Society for Financial Studies
Alfred P. Sloan Foundation Research Fellowship in Economics, 1981-1983
Batterymarch Financial Management Fellowship in Investments and Finance, 1981-1982

Editorships
Associate Editor:
Review of Derivatives Research

Books
Theory of Financial Decision Making, Rowman & Littlefield Publishing, Inc., 1987

Recent Book Chapters
"Optimal Bond Trading with Personal Tax" (with G. Constantinides), in S.A. Ross, ed., The Debt Market, Edward Elgar Publishing, 1998

"A Contingent-Claims Valuation of Convertible Securities," in S.A. Ross, ed., The Debt Market, Edward Elgar Publishing, 1998

"A Theoretical and Empirical Investigation of the Dual Purpose Funds: An Application of Contingent Claims Analysis," in C. Gardner, ed., Classic Options Models, Risk Publications, 1998

"A Theory of the Term Structure of Interest Rates" (with J. Cox and S.A. Ross), in Vasicek and Beyond, Risk Publications, 1996

Recent Articles
"Digital Contracts: Simple Tools for Pricing Complex Derivatives," Journal of Business, Vol. 73 No. 1, January 2000

"Approximating American Options and Other Financial Contracts Using Barrier Derivatives," Journal of Computational Finance, Vol. 2, No. 1, Fall 1998

"Valuing Foreign Exchange Options with a Bounded Exchange Rate Process," Review of Derivatives Research, Vol. 1, No. 2, 1996

"Long Forward Rates Can Never Fall" (with P. Dybvig and S.A. Ross), Journal of Business, January 1996

"Optimal Consumption and Portfolio Decisions with Intertemporally Dependent Utility of Consumption," Journal of Economic Dynamics and Control, July 1992

"Investment and Uncertainty: Waiting to Invest" (with S.A. Ross), Journal of Business, January 1992

Education
Ph.D. Massachusetts Institute of Technology, 1976
S.M. Massachusetts Institute of Technology, 1973
S.B. Massachusetts Institute of Technology, 1971