Harry Markowitz

Harry Markowitz
Born
Harry Max Markowitz

(1927-08-24)August 24, 1927
DiedJune 22, 2023(2023-06-22) (aged 95)
Academic background
EducationUniversity of Chicago (PhB, MA, PhD)
Doctoral advisorMilton Friedman
Jacob Marschak
InfluencesTjalling Koopmans
Leonard Savage
Academic work
DisciplineFinancial economics
School or traditionChicago School of Economics
InstitutionsHarry Markowitz Company
Rady School of Management at the University of California, San Diego
Baruch College
RAND Corporation
Cowles Commission
University of Pennsylvania[1]
Notable ideasModern portfolio theory
Efficient frontier
Sparse matrix methods
SIMSCRIPT
AwardsJohn von Neumann Theory Prize (1989)
Nobel Memorial Prize in Economic Sciences (1990)
Website

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.

  1. ^ Jr, Robert D. Hershey (June 25, 2023). "Harry Markowitz, Nobel-Winning Pioneer of Modern Portfolio Theory, Dies at 95". The New York Times.

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