Andrew Lo
Andrew Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, Director of the MIT Laboratory for Financial Engineering, and Principal Investigator at the MIT Computer Science and Artificial Intelligence Laboratory. Lo is a world-renowned economist and financial scholar. His current research spans five areas: evolutionary models of investor behavior and adaptive markets, systemic risk and financial regulation, quantitative models of financial markets, financial applications of machine-learning techniques and secure multi-party computation, and healthcare finance. Lo has published numerous articles in finance and economics journals, and has authored several books. He has co-founded several asset management and biotech companies, and sits on the boards of several for-profit and nonprofit public and private healthcare organizations.
Andrew Lo Professional Experience / Academic History
Professional Experience
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Charles E. and Susan T. Harris Professor
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W.P. Carey Associate Professor
Academic History
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Ph.D., Economics
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B.A., Economics
CURRENT AFFILIATIONS
Principal Investigator, MIT Computer Science and Artificial Intelligence Laboratory
Co-Founder, QLS Advisor
External Faculty Member, Santa Fe Institute
Advisor, Journal of Investment Management
Advisor, Journal of Portfolio Management
Co-Editor, Annual Review of Financial Economics
RESEARCH & PROJECTS
Recent projects include: deriving risk aversion, loss aversion, probability matching, and other behaviors as emergent properties of evolution in stochastic environments.
He has also studied quantifying the financial consequences of ESG and other forms of impact investing on investment performance; proposing new funding models for fusion energy; and developing new statistical tools for predicting clinical trial outcomes.
Other research also includes incorporating patient preferences into the drug approval process, and accelerating biomedical innovation via novel financing and business structures.
EARLY CAREER
From 1984 to 1988, he was an assistant and associate professor of finance at the University of Pennsylvania’s Wharton School.
He has also studied the hedge-fund industry and documented compelling evidence of elevated levels of systemic risk in the global financial system prior to the financial crisis.
He has published numerous articles in peer-reviewed journals, and has authored several books including Adaptive Markets: Financial Evolution at the Speed of Thought, The Econometrics of Financial Markets, In Pursuit of the Perfect Portfolio, and Healthcare Finance.
RECOGNITIONS
Paul A. Samuelson Award
Eugene Fama Prize
Global Association of Risk Professionals Risk Manager of the Year
Harry M. Markowitz Award
Managed Futures Pinnacle Achievement Award
TIME 100 Most Influential People in the World
Fellow, American Finance Association
Fellow, Academia Sinica