"Vasiliki Plerou has received Young Scientist Award for Socio- and Econophysics from the AKSOE"
(appeared 2003 April, 7 in the News Section of the Econphysics Forum)
For the pictures, please see here
During the annual conference of the AKSOE in Dresden, March 24 - March 28 2003, which was part of the March meeting of the German Physical Society, Dr. Vasiliki Plerou has received the YOUNG SCIENTIST AWARD FOR SOCIO- AND ECONOPHYSICS.
AKSOE (http://www.ais.fraunhofer.de/~frank/AKSOE) is a section of the German Physical Society (DPG) devoted to the "Physics of Socio-Economic Systems". One of our aims is to foster research on these topics in Germany and to coordinate our activities and those of similar societies across Europe. Our objective is also to interest young physicists in economic, urban, and social problems.
The YOUNG SCIENTIST AWARD FOR SOCIO- AND ECONOPHYSICS recognizes outstanding original contributions that use physical methods to develop a better understanding of socio-economic problems. It was sponsored by McKinsey & Company with an endowment of EUR 5,000. and is intended for young scientists (f/m) not older than 35 years.
For the award, in 2003 we have received 33 nominations (from thirteen countries) for qualified candidates currently working in eleven different countries, which have been evaluated by an international jury.
The winning candidate, Dr. Vasiliki Plerou graduated from Boston University in 1996, were she also received her Ph.D in Physics in 2001 (thesis advisor H. Eugene Stanley).
Dr. Plerou has worked on a wide range of phenomenological problems in Econophysics. She contributed to the discovery of the inverse cubic power-law for the stock return distribution and the half-cubic law of volumes, which have found to be universal patterns of financial fluctuations.
Dr. Plerou was one of the first researchers who applied random matrix theory, a powerful tool in diverse fields of theoretical physics, to investigating the correlation between stock returns. She was among the first to recognize that the spectrum of the correlation matrix can be separated into two categories describing random fluctuations and collective modes. Furthermore, Dr. Plerou made successful attempts to apply these ideas and results to the more pragmatic problem of portfolio optimization.
Her empirical findings have added to the touchstones of modeling the stock market and this way have initiated a lot of new research during the past years, to the advantage of the field of Socio- and Econophysics.
Since Dr. Plerou was unable to come to Dresden personally, her colleague and collaborator Dr. Bernd Rosenow accepted the award for her and also gave a lecture on "Quantifying Collective Stock Price Movements Using Methods of Random Matrix Theory".
Chairman of AKSOE