Eugene Fama
| Eugene Fama | |
|---|---|
Fama in Stockholm, December 2013.
|
|
| Born |
February 14, 1939 Boston, Massachusetts |
| Nationality | American |
| Institution | University of Chicago |
| Field | Financial economics, Organizational economics, Macroeconomics |
| School or tradition |
Chicago School of Economics |
| Alma mater |
Tufts University University of Chicago |
| Doctoral advisor |
Merton Miller Harry V. Roberts |
| Doctoral students |
Tyler Shumway |
| Influenced | Cliff Asness, Mark Carhart, John Cochrane, Campbell Harvey, Michael Jensen, Toby Moskowitz, Myron Scholes |
| Contributions |
Fama–French three-factor model Efficient-market hypothesis |
| Awards | 2005 Deutsche Bank Prize in Financial Economics 2008 Morgan Stanley-American Finance Association Award Nobel Memorial Prize in Economics (2013) |
| Information at IDEAS / RePEc | |
Eugene Francis "Gene" Fama (/ˈfɑːmə/; born February 14, 1939) is an American economist, often referred to as "The Father of Finance", best known for his empirical work on portfolio theory, asset pricing and stock market behaviour.
He is currently Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. In 2013, he shared the Nobel Memorial Prize in Economic Sciences jointly with Robert Shiller and Lars Peter Hansen. The Research Papers in Economics project ranked him as the seventh-most influential economist of all-time based on his academic contributions.
Fama was born in Boston, Massachusetts, the son of Angelina (née Sarraceno) and Francis Fama. All of his grandparents were immigrants from Italy. Fama is a Malden Catholic High School Athletic Hall of Fame honoree. He earned his undergraduate degree in Romance Languages magna cum laude in 1960 from Tufts University where he was also selected as the school’s outstanding student-athlete.
His M.B.A. and Ph.D. came from the Booth School of Business at the University of Chicago in economics and finance. His doctoral supervisors were Nobel prize winner Merton Miller and Harry Roberts, but Benoit Mandelbrot was also an important influence. He has spent all of his teaching career at the University of Chicago.
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