CHICAGO, April 22, 2021 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, and
the Mathematical Sciences Research Institute (MSRI), announced its
15th Innovative Quantitative Applications Prize recipient. Daron
Acemoglu, Institute Professor at the Massachusetts Institute of Technology (MIT), is the 2020 CME Group-MSRI Prize winner for
his work in economics and mathematics. A virtual event honoring
Acemoglu will be hosted by CME Group on May
5, 2021 at 10:00 a.m. CT.
Past CME Group-MSRI Prize winners have included distinguished
luminaries in economics and mathematics. Seven out of 14 past
recipients have gone on to receive the Nobel Prize in Economic
Sciences. A complete list of past recipients is available at
msri.org.
The CME Group-MSRI Prize recognizes individuals who contribute
original concepts in mathematical, statistical or computational
methods for the study of markets' behavior and global economics.
Acemoglu's work spans a wide range of areas, including political
economy, economic development, economic growth, inequality, labor
economics, and economics of networks.
"It's a tremendous honor for me to accept this prize," said
Acemoglu. The list of past awardees is illustrious and inspiring,
and a little bit of humbling of course. It's a privilege to join
their ranks. It is particularly meaningful for me since I have
aspired throughout my career to use mathematical and statistical
tools in order to answer questions that are important for our
society and economy."
Acemoglu is the author of five books, including Why Nations
Fail: Power, Prosperity, and Poverty, and The Narrow
Corridor: States, Societies, and the Fate of Liberty (both with James A. Robinson). He has received numerous
awards and prizes, including the Carnegie Fellowship in 2017, the
Jean-Jacques Laffont Prize in 2018, and the Global Economy Prize in
2019. He was awarded the John Bates Clark Medal in 2005, the Erwin
Plein Nemmers Prize in 2012, and the 2016 BBVA Frontiers of
Knowledge Award.
Acemoglu earned a bachelor's degree in economics at the
University of York. He also
received a MSc in econometrics and mathematical economics, as well
as a doctorate in economics, both from the London School of Economics.
"We are pleased to recognize Professor Daron Acemoglu with this esteemed award," said
Leo Melamed, Chairman Emeritus of
CME Group and founder of the CME Group-MSRI Prize. "His pioneering
work, particularly in big data and networks as they apply to
business and economics, has significant applications to our
industry."
"Daron Acemoglu's extraordinarily wide-ranging research is at
the cutting edge of economics and mathematics," said David Eisenbud, Director of MSRI and Professor
of Mathematics at the University of
California, Berkeley. "MSRI is proud to collaborate with CME
Group to honor its importance."
The virtual event honoring Acemoglu will feature presentations
focused on topics related to big data, including the intersection
of artificial intelligence and economics including business
decision-making, finance, labor market implications, and more.
Several distinguished economists and academics will be
participating in the program, including:
- E. Glen Weyl – Political
Economist and Social Technologist, Microsoft Research
- Pascual Restrepo –
Assistant Professor, Department of Economics, Boston University
- Maryam Farboodi – Jon D. Gruber Career Development
Professor; and, Assistant Professor, Sloan
School of Management, MIT
- Joshua Gans – Jeffrey S.
Skoll Chair of Technical Innovation and Entrepreneurship; and,
Professor of Strategic Management, Rotman
School of Management, University of
Toronto
Members of the media can attend the virtual seminar where CME
Group will present Acemoglu with the CME Group-MSRI Prize medal.
Email Liz McGee at
liz.mcgee@cmegroup.com for more information and to register.
The CME Center for Innovation's mission is to identify, foster
and showcase examples of significant innovation and creative
thinking pertaining to markets, commerce or trade in the public and
private sectors. For more information on the CME Center for
Innovation, visit
http://www.cmegroup.com/company/center-for-innovation/.
About MSRI
The Mathematical Sciences Research Institute (MSRI) in
Berkeley, California, is one of
the world's preeminent centers for collaborative research in the
mathematical sciences. MSRI advances mathematical research through
workshops and conferences since its founding in 1982, and over
1,700 mathematicians are hosted by MSRI each year. A rotating
committee of renowned mathematical scientists governs the
Institute's scientific program with a vision of the field that is
perpetually renewed. A Board of Trustees, composed of accomplished
business and academic leaders, oversees the Institute's strategy,
and assures its operational and financial welfare. The Institute
has been funded primarily by the National Science Foundation with
additional support from other government agencies, private
foundations, corporations, individual donors, and over 100 academic
institutions.
MSRI also serves a wider community through the development of
human scientific capital, providing postdoctoral training to
extraordinary young scientists and increasing the diversity of the
research workforce. The Institute advances the education of young
people with conferences on critical issues in mathematics education
and the creation of a nationwide Math Circles movement engaging
children in math as a hobby. MSRI strives to make mathematics
accessible and exciting to those outside the field through the
National Math Festival, sponsorship of Numberphile, YouTube's most
popular informal mathematics channel, film production for public
television, and the Mathical Book Prize for youth literature.
www.msri.org
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., respectively. Dow
Jones, Dow Jones Industrial Average, S&P 500 and S&P are
service and/or trademarks of Dow Jones Trademark Holdings LLC,
Standard & Poor's Financial Services LLC and S&P/Dow Jones
Indices LLC, as the case may be, and have been licensed for use by
Chicago Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group