Paul Glasserman
- Jack R. Anderson Professor of Business
- Decision, Risk, and Operations Division
- Areas of Expertise
- AI, Asset Management, Financial Engineering, Financial Institutions
- Contact
- Office: 1114 Kravis
- Phone: (212) 8544102
- E-mail: [email protected]
Professor Glasserman's research and teaching address risk management, quant finance, Monte Carlo simulation, statistics and operations. Prior to joining Columbia, Glasserman was with Bell Laboratories; he has also held visiting positions at Princeton University, NYU, and the Federal Reserve Bank of New York. In 2011-2012, he was on leave from Columbia and working at the Office of Financial Research in the U.S. Treasury Department, where he continues to serve as a part-time consultant.
Paul was named the 2020 Financial Engineer of the Year by the International Association for Quantitative Finance. His publications include the book Monte Carlo Methods in Financial Engineering (Springer, 2004), which received the 2006 Lanchester Prize and the 2005 I-Sim Outstanding Publication Award. Paul is a past recipient of the National Young Investigator Award from the National Science Foundation (1994 - 99), IBM University Partnership Awards (1998 - 2001), the TIMS Outstanding Simulation Publication Award (1992), the Erlang Prize (1996), an IMS Medallion from the Institute of Mathematical Statistics (2006), and a fellowship from the FDIC Center for Financial Research (2004). He received the 2004 Wilmott Award for Cutting-Edge Research in Quantitative Finance and Risk Magazine's 2007 Quant of the Year Award, and he received a U.S. patent for an option pricing method. He was named an INFORMS Fellow in 2008. He is also a recipient of the Dean's Award for Teaching Excellence (1994, 2000) and the Saul Gass Expository Writing Award (2016). Paul serves on the editorial boards of Operations Research, Mathematical Finance, and Stochastic Systems.
Paul was senior vice dean of Columbia Business School in 2004-2008 and served as interim director of the Sanford C. Bernstein & Co. Center for Leadership and Ethics in 2005-2007. He chairs the Financial and Business Analytics center in Columbia’s Data Science Institute.
- Education
-
AB, Princeton, 1984; PhD, Harvard, 1988
- Joined CBS
- 1991
All Activities
Faculty Members Cite Economic Impact of Hurricane Katrina as Key 2005 Event
Paul Glasserman Receives Lanchester Prize At 2006 Informs Conference
- Case ID
- 140203
NYC's Gifted & Talented Qualifying Exam: Querying the Stats Behind the Scoring
How did a New York City father and Columbia MBA draw upon his background in business statistics to discover a major flaw in the scoring of the city's public school Gifted and Talented entrance exam?
- Case ID
- 90202
Does Detailing Pay?
Does the pharmaceutical industry's expenditure of $20 billion on detailing, or office visits by sales representatives, result in an increase in sales?
- Case ID
- 90207
Introduction to Expected Value Options on the S&P 500 Index
How can one measure the value of a stock option on the S&P 500 Index and the associated risk of making the investment?
- Case ID
- 90201
Statistical Assessment of a Conflict of Interest
How do you measure the incidence of bias when doctors own a stake in a treatment center?
- Case ID
- 90203
The Law360 Survey
What conclusions may be drawn through statistical analysis of data culled from a survey of 6,000 attorneys on job and pay satisfaction?
- Case ID
- 80208
Analyzing the Analysts
Is there statistical evidence to support claims that analysts include a positive bias in their earnings estimates?