Robert Huebscher: Can Financial Engineering Cure Cancer?

A sure way to end a conversation at a cocktail party is to mention that your job entails financial engineering. Securitization and the collateralized obligations it produced led to the financial crisis and the near-collapse of the financial markets. But financial engineering’s bad reputation could turn around: A highly respected academic has devised a way to apply the core principles of financial engineering to one of the most daunting challenges facing mankind.

Andrew Lo thinks financial engineering can cure cancer.

The . . .

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