ORFE Major Evans Xiang '10 awarded the George B. Wood Legacy Junior Prize

Sept. 14, 2009

At Opening Exercises on September 13th, 2009, Yu (Evans) Xiang '10 was announced as a co-recipient of
the university's George B. Wood Legacy Junior Prize, which is given to a member of the senior class in recognition of exceptional academic achievement during the junior year. Evans' research interests are in probability theory and statistics, especially theory of stochastic processes, robust parameter estimation and their applications to economics and finance. In his junior year, he did independent work on an optimal stopping problem involving nonhomogeneous Poisson processes. For his senior thesis, he plans to study stochastic volatility models and their applications to options pricing and hedging.