Pao Lun CHENG, economist in the field of Economics of Uncertainty and Information; Mathematical Methods and Models; Business Finance. University Fellow, University Wisconsin, 1951; Ford Foundation Faculty Research Fellow, 1964-1965.
CHENG, Pao Lun was born in 1922 in Shanghai, China.
Bachelor of Science National Chiao Tung University, Shanghai, China, 1944. Master of Arts University Missouri, 1949. Doctor of Philosophy University Wisconsin, 1956.
Instructor, Assistant Professor, University Missouri, 1949-1951,1956-1957. Instructor, Assistant Professor, Professor, University New Mexico, 1954-1956, 1956-1957, 1981-1982. Lector, Michigan State University, 1957-1958.
Association Professor, Professor, University Massachusetts, 1958-1962, 1962-1974. Professor, Simon Fraser University, 1974-1981. Professor Finance and Economics, Simon Fraser University, Burnaby, British Columbia, Canada, since 1982.
Early interest began with the business cycles and the statistical indicators of the National Bureau of Economie Research, New York, New York, United States of America A shift in direction took place when financial economics and portfolio theory made their debut in the early 1960s. Along with the valuation and assessment of real properties under uncer-
tainty, energy was directed towards the valuation of financial assets and the statistical properties of rates of return. Current interest has been in the area of testing the mean-variance valuation model and studying asset pricing and covered interest arbitrage when markets are imperfect.