Rangarajan (“Raghu”) Sundaram is the Bank and Financial Analysts Faculty Fellow and Professor of Finance at New York University’s Stern School of Business where he teaches derivatives pricing and risk-management. He was formerly at the University of Rochester from 1988-96. He received his B.A. in Economics from the University of Madras, India, in 1982; his M.B.A. from the Indian Institute of Management, Ahmedabad, in 1984; and his Ph.D. in Economics from Cornell University in 1988.
Professor Sundaram’s research in finance covers a range of areas including agency problems, executive compensation, corporate finance, derivatives pricing, and credit risk & credit derivatives. He has also published extensively in mathematical economics, decision theory, and game theory. His research has appeared in leading academic journals in finance and economic theory including, Econometrica, Journal of Economic Theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, as also in several practitioner-oriented journals. He received the Jensen Award in 2001 from the Journal of Financial Economics and was a finalist for the Brattle Prize from the Journal of Finance in 2005.
Professor Sundaram is the author of A First Course in Optimization Theory (Cambridge University Press, 1996) andDerivatives: Principles and Practice (Mcgraw-Hill, 2010). He was Co-Editor of the Journal of Derivatives from 2002-08 and has served on several other editorial boards. In 2007, he became the inaugural recipient of the Distinguished Teaching Award from the Stern School of Business.
- Derivatives: equity, interest-rate, & credit-risk
- Agency & executive compensation
- Corporate finance
- Other finance
- Dynamic & stochastic games
- Optimal learning & bandit problems
- Other game theory, economics, & dynamic programming
- Derivatives Pricing
Ph.D., Economics, 1988
M.A., Economics, 1987
M.B.A., Operations, 1982
Indian Institute of Management, Ahemedabad, India
B.A., Economics, 1982
University of Madras, India