Dilip Madan

Biography

Dilip Madan is Professor of Finance at the Robert H. Smith School of Business. He specializes in Mathematical Finance. Currently, Morgan Stanley, and Caspian Capital LLC. He has also consulted with Citigroup, Bloomberg, the FDIC and Wachovia Securities. He is a founding member and Past President of the Bachelier Finance Society. He received the 2006 from Humboldt award in applied mathematics, and the 2007 Risk Magazine Quantum of the Year. He is the Managing Editor of Mathematical Finance, Co-editor of the Review of Derivatives Research, and Associate Editor for the Journal of Credit Risk, and Quantitative Finance. Recent major contributions have appeared in Mathematical Finance, Finance and Stochastics, Quantitative Finance, The Journal of Computational Finance, among other Journals.

Research Interest

His current research focuses on One of the defining characteristics of the ongoing financial crisis is the massive and steady deterioration of liquidity and trust. Even the largest financial institutions have become more or less dependent on the needs of the most developed economies. The general questions about the project are: How can trust be restored? How can the financial system be repaired? What should be the pillars of a new financial order? Three specific themes will be pursued: How does market information affect market liquidity and the informational content of market prices? How can you get a better price? Which role should they play for accounting purposes? How should securities be priced, when is arbitrage is impaired, eg for varnish of liquidity? How do behavioural features such as ambiguity aversion and loss aversion affect market prices and market liquidity?