"With efficiency so clearly at the forefront of his squash game, it is no surprise that [Kimlee] Wong is an operations research and financial engineering concentrator doing his senior thesis on clean energy. Wong is analyzing the feasibility and inherent unpredictability of wind turbines."  (Via The Daily Princetonian )

"This is the first book about the emerging field of utility indifference pricing for valuing derivatives in incomplete markets. René Carmona brings together a who's who of leading experts in the field to provide the definitive introduction for students, scholars, and researchers. Until recently, financial mathematicians and engineers developed pricing and hedging procedures that assumed complete markets. But markets are generally incomplete, and it may be impossible to hedge against all sources of randomness. Indifference Pricing offers cutting-edge procedures developed under more realistic market assumptions."  You may click this link for more information and to purchase this volume.  http://press.princeton.edu/titles/8905.html.

ORFE would like to extend a warm welcome new faculty, staff and visitors for the 2008-2009 academic year. This year, the department welcomes the appointment of Assistant Professor Philippe Rigollet and Postdoctoral Research Associates Yingying Li, Rui Song, Ramon van Handel, and Weiwei Wang. Visitors include Postdoctoral Research Associate Shaojun Guo of the Chinese Academy of Sciences, Assistant Professors Martijn Mes of the University of Twente and Raghu Sangupta of the Indian Institute of Technology Kanpur, and Professor Andrzej Ruszczynski of Rutgers University.