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Abstract. The high-frequency trading arms race is a symptom of flawed market design. Instead of the continuous limit order book market design that is currently ....
Chicago Booth Review. “We dug into Yiran s Dropbox and found two polished papers, which were then distributed to a four-person committee (Professors Lars Peter Hansen, Veronica Guerrieri, Doron Ravid, and me),” Zhiguo He, the Fuji Bank and Heller Professor of Finance and co-chair of Fan s dissertation committee, said via email. “Lars and I read both papers carefully, digested their key economic messages, and prepared the slides for each paper,” He wrote. “We then scheduled a public lecture with a wide audience (following the Ph.D. dissertation defense rules at UChicago), to which we presented the two papers. During the presentation, it became clear to the four-person committee that Yiran s papers had met the bar for a Ph.D. degree. We voted right after the lecture, and Lars announced it after the public lecture.” ....
Share Adoctoral student’s dissertation usually marks a new beginning the last step in a long academic journey and the start of a promising career. But as Chicago Booth professor Zhiguo He read through the work left behind by his former student, the late Yiran Fan, SM’15,he felt a profound sense of loss. Yiran Fan Photo courtesy of the Fama-Miller Center Fan was shot and killed on Jan. 9, devastating the University of Chicago community. Originally from China, the 30-year-old student was in the fourth year of the Joint Program in Financial Economics. Fan had not yet proposed a dissertation topic at the time of his death, but when his professors and classmates examined his work, they began exploring the possibility of completing Fan’s Ph.D. in his honor. ....
An East Hyde Park condo building was one of multiple locations across two cities in which three people were killed and four injured in a shooting spree that police tied to a single gunman a man who apparently had made threats in rambling videos posted to social media before the shootings and engaged with Evanston police, who fatally shot him. ....