Professor Shkolnikov Awarded Erlang Prize

Nov. 7, 2018

Misha Shkolnikov received this year's Erlang Prize from the INFORMS Applied Probability Society.  "This prestigious award is given every two years to one or two early career probabilists, who have made significant contributions to applied probability."    

"The Applied Probability Society of INFORMS presents the 2018 Erlang Prize to Mykhaylo Shkolnikov for fundamental contributions in stochastic analysis which have significantly advanced our understanding of a range of models of interest in applied probability, and most notably financial mathematics.

In his body of work, Shkolnikov has identified a number of problems of considerable applied importance that further yield exciting and novel mathematics. His contributions on particle systems interacting through their ranks, which includes an analysis of their hydrodynamic limits, their large deviations behavior and their fluctuations, exemplifies this. In other works, Shkolnikov makes significant contributions to the areas of solvability of stochastic differential equations and to random matrix theory.

The prize also recognizes the importance of his work for applications, such as credit and systemic risk and incomplete market analysis."

(Pictured here from left to right are Jamol Pender *13, William Massey '77, Mykhaylo Shkolnikov, Award Recipient, and Daniel Lacker *15).