User:Shivam2286/sandbox

Stephen E. Satchell was born in New Zealand but has lived in England for many years. Stephen is a Fellow of Trinity College Cambridge where he taught economics. He is working on a number of topics in the broad areas of econometrics, finance, risk measurement and utility theory. He has an interest in both theoretical and empirical problems. Many of his research problems are motivated by practical investment issues. Stephen's current research looks at alternative methods of portfolio construction and risk management, as well as work on non-linear dynamic models. He is active in researching the UK mortgage and housing markets. Stephen has strong links with Inquire (Institute for Quantitative Investment Research). This is a city-based organization that finances academic research on quantitative investment. He is also on the management committee of LQG (London Quant Group). He is the founding editor of the Journal of Risk Model Validation and was the editor of the Journal of Asset Management which he founded. He is an honorary actuary and has doctorates from LSE and Cambridge. He has more than 250 publications in the areas of econometrics, finance, macroeconomics, and decision -making and has expertise in the construction and improvement of risk models. He has successfully supervised, fully or partially, over 50 doctoral students, many of whom he continues to exchange research ideas with. He is married to his first wife Ana and takes great pride in his children and grandchildren. He still runs virtually every day and enjoys competing in distances up to 10 kilometres.

Selected Publications
“''[https://www.sciencedirect.com/science/article/abs/pii/S0261560618305631 A Random Walk through Mayfair: Is art a luxury good? Evidence from dynamic models]''’(with R. Pownall and N. Srivastava), in Journal of International Money and Finance; July 2019(A) Estimating Variance from High, Low, and Closing Price, (with C. Rogers) (1991), Annals of Applied Probability, 1:4, pp. 504-512 The Validity of Edgeworth Approximations for the Distribution Function of Estimators in Linear Difference Equations, (with J.D. Sargan) (1986), Econometrica, January, pp. 189-240 Approximations to the Finite Sample Distributions for Non-stable First Order Stochastic Difference Equations, (1984), Econometrica, September, pp. 1271-1289