U.S. economist Ross wins Deutsche prize for pricing models

U.S. economist Stephen Ross was named winner of the Deutsche Bank Prize in Financial Economics on Tuesday for helping to create models that have helped markets assess prices for options and other assets for the past three decades. "Ross’s models have changed and advanced economic practice profoundly," said the Frankfurt-based Center for Financial Studies that awards the $50,000 prize once every two years. The prize honors researchers whose work has influenced financial economics and macroeconomics. The prize was awarded for the first time in 2005 to University of Chicago professor Eugene Fama, who went on to share the Nobel Prize for economics in 2013.



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