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  • Faculty News & Honors

    MIT Sloan faculty members are consistently recognized as leading experts, researchers, and practitioners in every field of business and management. Through their research, teaching, and thought leadership, they advance the public discourse on management and are routinely honored for their groundbreaking work.

  • In the News
  • Honors
    • Presidential Early Career Award given to Vielma
      Juan Pablo Vielma is a 2017 recipient of the Presidential Early Career Awards for Scientists and Engineers (PECASE), the highest honor bestowed by the U.S. government on outstanding scientists and engineers in the early stages of their independent research careers, in recognition of “their pursuit of innovative research at the frontiers of science and technology and their commitment to community service.” Vielma was nominated by the National Science Foundation for this award, which has been coordinated annually since 1996 by the Office of Science and Technology Policy within the Executive Office of the President.
      The award was announced in January last year by the White House and conferred by then-President Obama, who praised the “impactful work” of award recipients. “These innovators are working to help keep the United States on the cutting edge, showing that federal investments in science lead to advancements that expand our knowledge of the world around us and contribute to our economy,” Obama said.
      Faculty: Juan Pablo Vielma
    • GARP honors Lo as Risk Manager of the Year
      Andrew W. Lo has been named Risk Manager of the Year for 2017 by the Global Association of Risk Professionals (GARP). Lo was cited for his “extensive and distinguished academic work and contributions to the risk management profession.” “Andrew is an inspiration to all of us who believe that risk management is everyone's responsibility and should be solidly embedded in the culture and decision-making processes of every organization,” said Richard Apostolik, GARP president and CEO. Apostolik added that Lo joins a distinguished line of honorees “who have contributed in exceptional ways to risk management and the risk profession.”
      Faculty: Andrew W. Lo
    • Mazumder’s research honored by Office of Naval Research
      Rahul Mazumder is the recipient of a 2018 Young Investigator Program (YIP) Award from the Office of Naval Research (ONR). Known as one of the oldest and most selective U.S. science and technology basic research programs, the ONR YIP funds early-career academic researchers (investigators) “whose scientific pursuits show outstanding promise for supporting the Department of Defense, while also promoting their professional development.”
      The awards were announced last week. Mazumder is one of five MIT awardees among the 31 scientists chosen from a broad spectrum of technical fields, whose research was deemed to hold “strong promise across a wide range of naval-relevant science and technology areas,” “based on past performance, technical merit, potential for scientific breakthrough and long-term university commitment.”
      Mazumder’s three-year project, entitled “Combinatorial Statistical Inference with Mathematical Optimization,” will create new methodology to address key inferential problems central to modern applied statistics and data science, using techniques in mathematical optimization. This new methodology could then be applied to a wide range of problems in support of the U.S. Navy and Department of Defense.
      Faculty: Rahul Mazumder
    • Lo’s book wins PROSE Award
      Andrew W. Lo’s book "Adaptive Markets: Financial Evolution at the Speed of Thought" (Princeton University Press, 2017) has won the 2018 Professional and Scholarly Excellence (PROSE) Award for Excellence in Social Sciences, from the Professional and Scholarly Publishing Division of the Association of American Publishers. The annual awards recognize “the very best in professional and scholarly publishing by bringing attention to distinguished books, journals, and electronic content in 58 categories” and have been judged since 1976 by peer publishers, librarians, and medical professionals. The award was presented during the PSP Annual Conference in Washington, D.C.
      Faculty: Andrew W. Lo
    • Graves elected to National Academy of Engineering
      Steve Graves has been elected a member of the National Academy of Engineering for his “contributions to the modeling and analysis of manufacturing systems and supply chains.” Considered among the highest professional distinctions for an engineer, election to the NAE honors outstanding contributions to “engineering research, practice, or education, including … significant contributions to the engineering literature” and to “the pioneering of new and developing fields of technology, making major advancements in traditional fields of engineering, or developing/implementing innovative approaches to engineering education.”
      The newly elected NAE class of 2018 will be formally inducted in Washington, D.C., later this year.
      Faculty: Steve Graves
    • NBER Corporate Finance program appoints Schoar as co-director
      Antoinette Schoar has been appointed as co-director of the National Bureau of Economic Research (NBER) Corporate Finance program. The NBER is a nonprofit economic research organization, dedicated to conducting research on a wide variety of issues confronting society, as well as disseminating research findings among academics, public policy makers, and business professionals. With more than 1,400 scholars who are professors of economics and business at colleges and universities in North America, the NBER is a private and nonpartisan organization supported by research grants from government agencies and private foundations, by investment income, and by individual and corporate contributions. Twenty-seven Nobel Prize winners in Economics and 13 past chairs of the U.S. President's Council of Economic Advisers have held NBER affiliations.  

      Schoar was appointed for her “wide-ranging” research that “spans many issues, including venture capital, entrepreneurship, household finance, and financial intermediation.” She has been a member of the NBER CF program since 2001 and also directs the NBER Working Group on Entrepreneurship.

      Schoar is co-leading the NBER Corporate Finance program with Amir Sufi of the University of Chicago Booth School of Business. Their term began in January.
      Faculty: Antoinette Schoar
    • Markowitz Award given to Lo
      Andrew W. Lo has won the 2017 Harry M. Markowitz Award, sponsored jointly by the Journal of Investment Management and New Frontier Advisors, LLC. This annual award honoring the legacy of financial economist and mathematician Harry Markowitz supports future research and innovation in practical asset management. Lo’s winning paper, chosen from the 2017 papers published in JOIM, is entitled, “Moore’s Law vs. Murphy’s Law in the Financial System: Who’s Winning?” (Journal of Investment Management, 15(1):17-38).
      Faculty: Andrew W. Lo
    • Gloor receives best paper award
      Peter Gloor has won the 2016 Thomas P. Hustad Best Paper Award from The Journal of Product Innovation Management, a publication of Product Development and Management Association (PDMA). Gloor’s winning paper, published in March 2016 and co-authored with Jan Kratzer (Berlin Institute of Technology), Christopher Lettl (Vienna University of Economics and Business), and Nikolaus Franke (Vienna University of Economics and Business), is entitled, “The Social Network Position of Lead Users” (The Journal of Product Innovation Management, 33(2):201-216).
      The award was presented in Chicago at the 2017 PDMA Research Forum.
      Faculty: Peter Gloor
    • Thesmar wins Brattle Group Distinguished Paper Prize
      David Thesmar has won the 2017 Brattle Group Distinguished Paper Prize. This annual award recognizes outstanding papers on corporate finance published in The Journal of Finance, the official publication of The American Finance Association. Thesmar’s winning paper, published in February 2017 and co-authored with Martin Schmalz (Michigan Ross) and David Sraer (Berkeley Haas), is entitled, “Housing Collateral and Entrepreneurship” (The Journal of Finance, 72(1):99-132). The award was presented at the 2018 Annual Meeting of the American Finance Association.
      Faculty: David Thesmar
    • Zhu wins Amundi Smith Breeden Prize
      Haoxiang Zhu has won the 2017 Amundi Smith Breeden Prize (First Prize) for the best paper in any area other than corporate finance in The Journal of Finance, which is the official publication of The American Finance Association. Zhu’s winning paper, co-authored with Darrell Duffie (Stanford) and Piotr Dworczak (University of Chicago), is entitled, “Benchmarks in Search Markets” (The Journal of Finance, 72(5):1983-2044). The award was presented at the 2018 Annual Meeting of the American Finance Association in Philadelphia.
      Faculty: Haoxiang Zhu
    • Aral wins Herbert Simon Award
      Sinan Aral has been honored with the 2017 Herbert Simon Award of Rajk László College for Advanced Studies in Budapest, Hungary, where members of the college study economics, business, and social sciences. The economics students there established the John von Neumann Award in 1995, and the business students established the Herbert Simon Award (named after Nobel laureate Herbert Simon) in 2005. The College Assembly who voted for Aral cited the way he combines “outstanding research with real-life experience,” noting that his “groundbreaking thoughts in the fields of social commerce, information diffusion in social networks and big data applications would inspire us and improve our thinking on how technology shapes the world’s business environment.” Aral will formally receive the award in 2018 when he visits Rajk László College to give a public presentation and a college seminar.
      Faculty: Sinan Aral
    • INFORMS honors Vielma with ICS Prize
      Juan Pablo Vielma has received the 2017 INFORMS (Institute for Operations Research and the Management Sciences) Computing Society (ICS) Prize, an annual award recognizing the best English-language “paper or group of related papers dealing with the Operations Research/Computer Science interface.”
      Below is Vielma’s winning trio of papers:
      Mixed-Integer Models for Nonseparable Piecewise-Linear Optimization: Unifying Framework and Extensions,” Operations Research 58(2):303-315, 2010 (co-authored with Shabbir Ahmed and George Nemhauser, both of Georgia Tech).
      Modeling Disjunctive Constraints with a Logarithmic Number of Binary Variables and Constraints,” Mathematical Programming 128:49-72, 2011 (co-authored with George Nemhauser).
      Embedding Formulations and Complexity for Unions of Polyhedra,” forthcoming in Management Science, 2017.
      The award was presented in October at the INFORMS Computing Society Business Meeting during the 2017 INFORMS Annual Meeting in Houston.
      Faculty: Juan Pablo Vielma
    • Sterman elected as AAAS Fellow
      John Sterman has been elected as a Fellow of the AAAS (American Association for the Advancement of Science). AAAS Fellows are elected by their peers in recognition of their scientifically or socially distinguished efforts to advance science. Sterman in particular was recognized for his “distinguished contributions to improving decision-making in complex systems, including corporate strategy and operations, energy policy, public health, environmental sustainability, and climate change.” The 2017 AAAS Fellows were formally announced recently in the AAAS News and Notes section of Science and will be honored at a ceremony in February 2018 at the AAAS Annual Meeting in Austin, Texas.
      Faculty: John Sterman
    • Jónasson’s proposal wins Grand Challenges Explorations Grant
      Jónas Oddur Jónasson has been awarded a Grand Challenges Explorations Grant in Innovations for Integrated Diagnostics Systems from the Bill & Melinda Gates Foundation. Grand Challenges is “a family of initiatives fostering innovation to solve key global health and development problems.” The challenge initiatives invite proposals twice a year and fosters collaboration and a growing network of research and funding partnerships for global impact. Jónasson’s proposal for Utawaleza - Rainbow Transport includes developing an algorithm using the daily numbers and locations of clinical samples needing transport between health centers and diagnostic laboratories to design optimal courier routes in low-resource settings, to lower costs and maximize the positive public health impact. He and his collaborators will test their system in Malawi, Africa. The grant award was announced on the Grand Challenges website.
      Faculty: Jónas Oddur Jónasson
    • Graves wins INFORMS prize
      Steve Graves has received the INFORMS (Institute for Operations Research and the Management Sciences) Manufacturing and Service Operations Management Society’s 2017 Manufacturing & Service Operations Management Best Paper Award. This annual award recognizes a paper, from among those published in the prior three volumes of Manufacturing & Service Operations Management, for its contribution to the theory and practice of operations management.
      The winning paper, co-authored with Jason Acimovic (Penn State University Smeal College of Business and past MIT Operations Research Center doctoral student), is entitled “Making Better Fulfillment Decisions on the Fly in an Online Retail Environment” (Manufacturing & Service Operations Management 17(1):34-51).
      The award was presented at the Manufacturing and Service Operations Management Society’s business meeting during the 2017 INFORMS annual meeting in Houston.
      Faculty: Stephen Graves
    • INFORMS honors Perakis with best paper award
      Georgia Perakis has received the 2017 INFORMS (Institute for Operations Research and the Management Sciences) Best Paper of the Service Science Section Cluster Award. Finalists for this award were selected from nominated papers in the section’s cluster of sponsored research papers and were invited to present their work in a Best Paper Award Competition session during the INFORMS annual meeting in October.
      The winning paper, co-authored with Anna M. Papush (MIT Operations Research Center doctoral student) and Pavithra Harsha, PhD ’09 (IBM Thomas J. Watson Research Center and past MIT Operations Research Center doctoral student), is entitled “A Data-Driven Approach to Personalized Bundle Pricing and Recommendation.”
      Perakis actually was a finalist for this award for two papers—the other was “A Ranking Algorithm for Shipping in the Spot Market,” co-authored with Max R. Biggs (MIT Operations Research Center doctoral student).
      Faculty: Georgia Perakis
    • Richard Beckhard Memorial Prize awarded to Emilio J. Castilla
      Emilio J. Castilla has received the 2017 Richard Beckhard Memorial Prize, awarded to the most outstanding MIT Sloan Management Review article on planned change and organizational development published in the period from fall 2015 through summer 2016. Castilla’s winning paper is entitled “Achieving Meritocracy in the Workplace.” The prize was established in 1984 by MIT Sloan faculty in honor of Professor Richard Beckhard, a faculty member for over two decades, who was a founder and an architect of the field of organizational development. The MIT Sloan judges thought Castilla’s article was “well aligned with the thinking of Richard Beckhard, who knew that organizational change was often more complicated than it seemed … Castilla’s call for continuous monitoring and evaluation of the outcomes is very much in line with what Dick would have recommended.” The award was announced in an MIT Sloan Management Review blog post and in the fall 2017 issue.
      Faculty: Emilio J. Castilla
    • Dimitris Bertsimas’s class is honored
      Dimitris Bertsimas’s teaching has been included in the "Class Central's Top 50 MOOCS of All Time” (2017 edition) list, based on thousands of reviews by Class Central users. MOOCs are Massive Open Online Courses, free to anyone with an internet connection. Class Central reports there are now over 8,000 MOOCs offered by around 750 universities worldwide. Bertsimas’s course 15.071x The Analytics Edge, delivered via edX, was one of four MIT courses  in the “Top 50 MOOCS of All Time” list. The award was announced last month in a Class Central blog post.
      Faculty: Dimitris Bertsimas
    • John Sterman’s paper wins ARCS People’s Choice Award
      John Sterman has received the Alliance for Research on Corporate Sustainability (ARCS) Conference People’s Choice Award for high-impact work at the 9th Annual ARCS Research conference held in June at the Rotterdam School of Management at Erasmus University Rotterdam in the Netherlands. This award is based on a vote of conference attendees for the best paper at the conference. Sterman’s winning paper, co-authored with Juliette Rooney-Varga (UMass Lowell), Eduardo Fracassi (Instituto Tecnologico de Buenos Aires), Travis Franck (Climate Interactive), Florian Kapmeier (ESB Business School, Reutlingen University, Germany), Victoria Kurker (UMass Lowell), Ellie Johnston (Climate Interactive), Andrew Jones (Climate Interactive), and Kenneth Rath (SageFox Consulting Group), is entitled “Can role-play with interactive models enhance climate knowledge, affect and intent to act?”
      Faculty: John Sterman
    • American Accounting Association honors S.P. Kothari
      S.P. Kothari was designated as a 2017 Presidential Scholar by the president of the American Accounting Association (AAA). Kothari delivered a commissioned Presidential Research Lecture as a plenary speaker at the AAA’s 2017 annual meeting in San Diego. The Board of Directors of the AAA has requested that The Accounting Review publish his talk, which was entitled "The Governance Role of Accounting Information: Challenges Facing Users, Producers, and Standard Setters,” as part of the Presidential Research Lecture series.
      Faculty: S.P. Kothari
    • Hanlon and Shroff win American Tax Association award
      Michelle Hanlon and Nemit Shroff have received the 2017 American Tax Association (ATA) Outstanding Manuscript Award. This annual award recognizes a significant contribution to the tax literature published during the three prior calendar years. The winning paper, co-authored with John R. Graham (Duke University Fuqua School of Business professor) and Terry Shevlin (University of California, Irvine Paul Merage School of Business professor), is entitled “Incentives for Tax Planning and Avoidance: Evidence from the Field.”
    • Adrien Verdelhan receives first prize
      Adrien Verdelhan has received the 2017 AQR Insight Award First Prize, sponsored by AQR Capital Management. This award recognizes exceptional unpublished academic papers that provide the most significant original approaches to investment issues, offering practical insights for taxable investor or tax-exempt institutional portfolios. The winners are invited to present their new research at AQR. Verdelhan’s winning paper, co-authored with Wenxin Du (Federal Reserve Board) and Alexander Tepper (Columbia University), is entitled “Deviations from Covered Interest Rate Parity.”
      Faculty: Adrien Verdelhan
    • Sinan Aral honored with best paper award
      Sinan Aral has won the Network Science Best Paper Award, sponsored by the Indiana University Network Science Institute. This first-ever award was chosen by the editors from all papers published in the first four volumes of the journal, from 2013 to 2016. Aral’s winning paper, co-authored with Lev Muchnik (Hebrew University of Jerusalem School of Business Administration senior lecturer) and Arun Sundararajan (New York University Stern School of Business professor), is entitled “Engineering Social Contagions: Optimal Network Seeding in the Presence of Homophily.”
      Faculty: Sinan Aral
    • Excellence in teaching awards given
      The 2017 MIT Sloan Excellence in Teaching Awards for the 2016-2017 academic year were recently announced. The Jamieson Prize for Excellence in Teaching, established to honor educational innovation and excellence, was awarded to Sinan Aral (IT/Marketing) and Simon Johnson (Global Economics & Management). Georgia Perakis (Operations Management) was named the Sloan School Teacher of the Year, while Catherine Turco (Work and Organization Studies) and Dimitris Bertsimas (Operations Research/Statistics) each received an Outstanding Teacher Award.
    • Sinan Aral appointed to Scientific Advisory Board
      Sinan Aral has been appointed to serve on the Scientific Advisory Board of the Alan Turing Institute in London — the British national institute for data science, headquartered at the British Library. Created in 2015 by the UK Engineering and Physical Sciences Research Council and five founding universities (Cambridge, Oxford,  Edinburgh, University College London, and Warwick), the Institute’s mission is “to make great leaps in data science research in order to change the world for the better.” The seven-member Scientific Advisory Board, an independent group which will provide strategic advice to the institute’s Board of Trustees and leadership team on its research program, includes experts from organizations around the world in academia, industry, and government, with a diverse range of skills and specializations spanning privacy, machine learning, engineering, microeconomics, and entrepreneurship.
      Faculty: Sinan Aral
    • Jean-Noël Barrot receives Brattle Group Distinguished Paper Prize
      Jean-Noël Barrot received the 2016 Brattle Group Distinguished Paper Prize. The Brattle Group Prizes in Corporate Finance are awarded annually for outstanding papers on corporate finance published in the prior year’s issues of The Journal of Finance, the official publication of the American Finance Association and one of the most widely cited academic journals in finance as well as in economics. The winners were chosen by the journal’s associate editors. Barrot’s winning paper is entitled “Trade Credit and Industry Dynamics: Evidence from Trucking Firms.”
      Faculty: Jean-Noël Barrot
    • Dan Greenwald receives Homer Hoyt Doctoral Dissertation Award
      Dan Greenwald has received the 2016 Homer Hoyt Doctoral Dissertation Award, sponsored by the Homer Hoyt Institute, from the American Real Estate and Urban Economics Association (AREUEA). Greenwald’s winning dissertation is entitled “Essays on Macroeconomics and Finance.”
      Faculty: Daniel Greenwald
    • Hauser receives honorary doctorate
      John Hauser has been recognized with an honorary doctorate from the Erasmus School of Economics at Erasmus University. Hauser was recognized in the laudatio as “one of the main founders of marketing science as a discipline.”  Hauser was also cited as one of the “most rigorous scholars in the field.” The degree was conferred in Rotterdam on November 8, 2016.
      Faculty: John Hauser
    • Richard Stone Prize given to Dan Greenwald
      Dan Greenwald received the 2016 Richard Stone Prize in Applied Econometrics, awarded biennially to “the best paper with substantive econometric application” published in the preceding two years (in this case, the 2014 and 2015 volumes) of the Journal of Applied Econometrics. Greenwald’s winning paper, co-authored with Vasco Cúrdia (Federal Reserve Bank of San Francisco) and Marco Del Negro (Federal Reserve Bank of New York), is entitled “Rare Shocks, Great Recessions.”
      Faculty: Daniel Greenwald
    • Levi and Magnanti win Kuhn Award
      Retsef Levi and Tom Magnanti have received the 2016 Harold W. Kuhn Award, an annual prize which recognizes an exceptional paper published in Naval Research Logistics during the previous three years. Their winning paper, co-authored with Jack Muckstadt (Cornell University assistant professor), Danny Segev (University of Haifa), and Eric Zarybnisky (MIT SM ’03, PhD ’11), is entitled “Maintenance Scheduling for Modular Systems: Modeling and Algorithms."