| The Columbia Encyclopedia, Sixth Edition. 2001-07. |
| |
| Markowitz, Harry |
| |
| |
(mär´k w ts´´) (KEY) , 1927–, American economist, Ph.D. Univ. of Chicago, 1954. In the 1950s he developed a theory of “portfolio choice,” which allows investors to analyze risk as well as their expected return. For this work Markowitz, a professor at Baruch College at the City Univ. of New York, shared the 1990 Nobel Memorial Prize in Economic Sciences with William Sharpe and Merton Miller. |
| |
| | | The Columbia Encyclopedia, Sixth Edition. Copyright © 2007 Columbia University Press. |
|
|
