Albert Madansky

Last updated
Albert Madansky
Born(1934-05-16)16 May 1934
Died8 December 2022(2022-12-08) (aged 88)
Citizenship American
Alma mater University of Chicago
Occupation Statistician
Known forWork in Statistics

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]

Related Research Articles

<span class="mw-page-title-main">Fischer Black</span> American economist (1938–1995)

Fischer Sheffey Black was an American economist, best known as one of the authors of the Black–Scholes equation.

<span class="mw-page-title-main">Myron Scholes</span> Canadian–American financial economist

Myron Samuel Scholes is a Canadian–American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black–Scholes options pricing model. Scholes is currently the chairman of the Board of Economic Advisers of Stamos Capital Partners. Previously he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors and the Cutwater Advisory Board. He was a principal and limited partner at Long-Term Capital Management (LTCM), a highly leveraged hedge fund that collapsed in 1998, and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of finance at MIT's Sloan School of Management. Scholes earned his PhD at the University of Chicago.

<span class="mw-page-title-main">Chicago Board of Trade</span> Options and futures exchange in Chicago

The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges now operate as designated contract markets (DCM) of the CME Group.

<span class="mw-page-title-main">Canter's</span> Delicatessen in Los Angeles, California, U.S.

Canter's Deli is a Jewish-style delicatessen, opened in 1931 in Boyle Heights, and later moved to the Fairfax District of Los Angeles, California, near the border of West Hollywood, where it is now. It has been frequented by many notable movie stars and celebrities.

<span class="mw-page-title-main">Jimmy John's</span> American sandwich chain

Jimmy John's is an American sandwich chain headquartered in Champaign, Illinois. The business was founded by Jimmy John Liautaud in 1983. After Liautaud graduated from high school, his father gave him a choice to either join the military or start a business. Liautaud decided to start a hot dog business, which changed to sandwiches due to costs.

Albert John Dunlap was an American corporate executive. He was known at the peak of his career as a professional turnaround management specialist and downsizer. The mass layoffs at his companies earned him the nicknames "Chainsaw Al" and "Rambo in Pinstripes", after he posed for a photo wearing an ammo belt across his chest. It was later discovered that his reputed turnarounds were elaborate frauds and his career was ended after he engineered a massive accounting scandal at Sunbeam Products, now a division of Newell Brands, that forced the company into bankruptcy. Dunlap is on the lists of "Worst CEOs of All Time" published by several business publications. Fast Company noted that Dunlap "might score impressively on the Corporate Psychopathy checklist" and in an interview, Dunlap freely admitted to possessing many of the traits of a psychopath, but considered them positive traits such as leadership and decisiveness. He was a major benefactor of Florida State University.

<span class="mw-page-title-main">Noodles & Company</span> Colorado-based fast-casual restaurant chain featuring noodle dishes

Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.

Michael Cole "Mike" Jensen is an American economist who works in the area of financial economics. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. He holds the position of Jesse Isidor Straus Professor of Business Administration, Emeritus, at Harvard University.

<span class="mw-page-title-main">Carnegie Deli</span> American delicatessen chain

The Carnegie Deli is a small Jewish delicatessen, formerly a chain, based in New York City. Its main branch, opened in 1937 near Carnegie Hall, was located at 854 7th Avenue in Midtown Manhattan. It closed on December 31, 2016. There is one branch still in operation at Madison Square Garden in Manhattan, and the deli still operates a wholesale distribution service.

<span class="mw-page-title-main">Marty Lyons</span> American football player (born 1957)

Martin Anthony Lyons is an American former professional football player who was a defensive tackle and defensive end for 11 seasons in the National Football League (NFL) during the 1970s and 1980s. Lyons played college football for the Alabama Crimson Tide, earning consensus All-American honors. Selected in the first round of the 1979 NFL Draft, he played his entire professional career for the NFL's New York Jets. He was a member of the Jets' famed "New York Sack Exchange," the team's dominant front four in 1981 and 1982 that also featured Mark Gastineau, Abdul Salaam and Joe Klecko.

John William Rowe was an American attorney and energy executive. He served as the chairman and chief executive officer of the energy corporation Exelon Corporation, a utility holding company headquartered in Chicago that had the largest market capitalization in the electric utility industry.

<span class="mw-page-title-main">Interactive Brokers</span> American financial services firm

Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies.

<span class="mw-page-title-main">Sailor sandwich</span> Sandwich with hot meat and cheese

A sailor sandwich is a hot meat and cheese sandwich popular at Jewish delis in Richmond, Virginia, area restaurants. Its core ingredients are hot pastrami, grilled knackwurst, melted Swiss cheese and hot mustard on rye bread.

<span class="mw-page-title-main">Langer's Deli</span> Delicatessen in Los Angeles, California, U.S.

Langer's Deli, also known as Langer's Delicatessen-Restaurant, is a kosher-style delicatessen located at 704 South Alvarado Street in the Westlake neighborhood of Los Angeles, opposite MacArthur Park.

Carl Albert Ruiz, also known as Carl "The Cuban" Ruiz, was an American restaurant owner and celebrity chef, best known as a judge on various US cooking competition television series on Food Network, such as Guy's Grocery Games.

<span class="mw-page-title-main">Jewish deli</span>

A Jewish deli, also known as a Jewish delicatessen, is a delicatessen establishment that serves various traditional dishes in Ashkenazi Jewish cuisine. They are typically known for their sandwiches such as pastrami on rye, as well as their soups such as matzo ball soup, among other dishes. Most of these establishments are traditionally considered Ashkenazi. Like much of the Jewish cuisine stemming from the period of the Jewish diaspora, the emergence of the Jewish deli developed in accordance with local culture. These days, Jewish delicatessens serve a variety of Jewish dishes. While some delis have full kosher-certification, others operate in a kosher-style, refraining from mixing meat and dairy in the same dish, despite potentially using non-certified ingredients. There are also delis that serve food without adhering to any traditional Jewish dietary restrictions, offering non-Kosher dishes such as the Reuben sandwich.

Harris Mowbray is an amateur linguist and programmer from the United States. He is notable for creating several proposals to encode minority languages around the world in Braille.

William Noel Alsbrook, Sr. was an American inventor and combat fighter pilot with the 332nd Fighter Group's 99th Fighter Squadron, best known as the Tuskegee Airmen, "Red Tails," or "Schwartze Vogelmenschen" among enemy German pilots.

<span class="mw-page-title-main">Manny's Deli</span> Delicatessen in Chicago, IL USA

Manny's Cafeteria and Delicatessen, commonly known as Manny's Deli and sometimes known as Manny's Coffee Shop & Deli, is a delicatessen in Chicago, Illinois, United States, located in the Near West Side community area. It has been described as "the biggest, best-known, and oldest deli in the city". The deli has long been a meeting place for Chicago politicians and became the subject of national interest because of its popularity with President Barack Obama. One writer called Manny's "the second-most-likely place to see local politicians, after City Hall", and former governor George Ryan referred to it in his memoir as "one of my favorite places to eat lunch in Chicago" and reminisced about once receiving a phone call from Nelson Mandela while eating a corned beef sandwich there.

Hometown International was an American holding company, best known for operating Your Hometown Deli, a delicatessen in Paulsboro, New Jersey. It attracted attention in 2021 for having a market capitalization of over US$100 million despite the deli having annual sales of only about $25,000. The company changed its name to Makamer Holdings after merging with Makamer, a bioplastics startup, although the stock continues to trade as Hometown International, Inc. The deli closed on June 19, 2022.

References

  1. "Albert Madansky". University of Chicago School of Business. Archived from the original on 29 September 2022.
  2. Roberts, Sam (21 December 2022). "Albert Madansky Dies at 88; Gauged Risk of Unwitting Atomic War". The New York Times.
  3. "Albert Madansky, University of Chicago statistics professor whose work ranged from serious to whimsical, dies". Chicago Tribune . 17 January 2023.
  4. Hester, Jessica Leigh (7 June 2018). "When Two Economists Scientifically Ranked New York's Best Deli Sandwiches". Gastro Obscura.
  5. "Albert Madansky Obituary (2022) - Chicago, IL - Chicago Tribune". Legacy.com .