Nobel Prize-winning economist William F. Sharpe, STANCO 25 professor of finance, emeritus at Stanford University's Graduate School of Business, has been awarded the 2012 EBRI Lillywhite Award, for his contributions to Americans' economic security.

Sharpe, who received the Nobel Prize in Economic Sciences in 1990, was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the style and performance of investment funds.

He is also a co-founder and director emeritus of Financial Engines, the nation's largest independent investment advisor.

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