Sanford Grossman
Sanford Grossman · Philosophy & Social Sciences
Theorist of information in financial markets; Clark Medal (1987)
1953, USA
United States (Pennsylvania · Connecticut)
Sanford Grossman is recognized among Jewish contributors to Philosophy & Social Sciences — Theorist of information in financial markets; Clark Medal (1987)
Grossman, an American Jewish economist, transformed financial economics by analyzing how prices convey information; his work, including the Grossman-Stiglitz paradox, showed that markets cannot be perfectly informationally efficient because gathering information is costly. He received the John Bates Clark Medal in 1987 and later founded a quantitative investment firm.
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Source: Jinfo.org — Jewish recipients of the John Bates Clark Medal
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Theorist of information in financial markets; Clark Medal (1987)
Source: Jinfo.org — Jewish recipients of the John Bates Clark Medal
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