SANJAY SRIVASTAVA, PhD Professor of Risk Management and Insurance (RETIRED) ssrivastava@gsu.edu

Sanjay Srivastava is a past chairman and former professor of risk management and insurance in the Department of Risk Management and Insurance at Georgia State University. He retired in June 2006 and remains involved with the department as a consultant. His research interests include the design of financial contracts, the organization of financial markets, and experimental studies of asset markets. His research findings have appeared in quality journals including Econometrica, the Journal of Risk, Journal of Finance, Journal of Economic Theory, Review of Financial Studies, Review of Economic Studies, and the Journal of International Economics. He has also served on the editorial boards of respected research publications and is the author of several textbooks.

Prior to joining Georgia State, he was Associate Dean of Carnegie Mellon University's Tepper School of Business, an Alumni Professor of Economics and Finance, and Director of CMU's Center for Financial Analysis and Securities Trading (FAST) Program, a research and teaching program. The FAST program operates in over 20 countries, including the United States, Canada, Japan, Mexico, Korea, Australia, India, China, Hong Kong, Singapore, United Kingdom and Russia. The Smithsonian Institution's Archive of American History has made the progressive work of the FAST Lab part of its permanent research collection on innovative information technology and awarded it a Computerworld-Smithsonian medal. Srivastava founded Carnegie Mellon's Computational Finance Program, directed the program for its first five years, and served on the steering committee of the program.

In addition to Georgia State and Carnegie Mellon, Professor Srivastava has taught at the California Institute of Technology, ITESM in Mexico, and Aoyama Gakuin University in Japan. He earned his B.A. in Economics at Warwick University in the United Kingdom and his Ph.D. in Economics at the Massachusetts Institute of Technology.

SELECTED PUBLICATIONS:

"A Perspective on Credit Risk," INQUIRE Europe, Proceedings of the INQUIRE Europe Seminar, March 2000. (Winner of the INQUIRE Prize).

"Value at Risk Analysis of a Leveraged Swap." Journal of Risk, 1999. Reprinted in "Value at Risk and Beyond," M. Dempster, ed.) Proceedings of the Isaac Newton Workshop on Risk Management, Cambridge University Press, 2001.

"Liquidity and Persistence of Arbitrage in Experimental Option Markets," (with John O'Brien), The Double Auction Market (Proceedings of the Santa Fe Institute Conference on Price Dynamics in Auction Markets), D. Friedman and J. Rust (Eds.), Addison Wesley, 1993.

"Pre-Play Communication, Efficiency, and Initial Public Offerings," (with Chester Spatt), Review of Financial Studies 4 (December 1991), pp. 709-726.

"Dynamic Stock Markets with Multiple Assets: An Experimental Analysis," (with John O'Brien), Journal of Finance, December 1991.