Albert Madansky Explained

Albert Madansky
Birth Date:1934 5, df=yes
Birth Place:Chicago
Death Place:Chicago
Citizenship:American
Known For:Work in Statistics
Alma Mater:University of Chicago
Occupation:Statistician

Albert Madansky (May 16, 1934 - December 8, 2022) was an American statistician known for his work in stock option pricing and the prediction of an accidental nuclear detonation. Alongside Gary L. Gastineau, he developed the Gastineau-Madansky model for stock option pricing and later co-authored the Edmundson-Madansky theorem (which falls in the field of stochastic linear programming).[1] Some of his early research at RAND Corporation was used to develop Permissive Action Links, which help mitigate a nuclear accident.[2] Madansky served as deputy dean of the University of Chicago Booth School of Business from 1985 to 1993.[3] He was also known for his efforts with other scholars to determine the best pastrami sandwich among the Kosher delis of New York City.[4] He was the grandfather of linguist Harris Mowbray.[5]

Notes and References

  1. Web site: Albert Madansky. University of Chicago School of Business. dead. https://web.archive.org/web/20220929010948/https://www.chicagobooth.edu/faculty/emeriti/albert-madansky. 29 September 2022.
  2. Web site: Roberts. Sam. 21 December 2022. Albert Madansky Dies at 88; Gauged Risk of Unwitting Atomic War. The New York Times.
  3. Web site: Albert Madansky, University of Chicago statistics professor whose work ranged from serious to whimsical, dies . . 17 January 2023 .
  4. Web site: When Two Economists Scientifically Ranked New York's Best Deli Sandwiches. Hester. Jessica Leigh. 7 June 2018. Gastro Obscura.
  5. Web site: Albert Madansky Obituary (2022) - Chicago, IL - Chicago Tribune . .

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