Publications

What Can Fusion Energy Learn From Biotechnology?

2024
Lo, Andrew W., and Dennis G. Whyte (2024), What Can Fusion Energy Learn From Biotechnology?, Issues in Science and Technology 40 (4), 68–70.

LLM economicus? Mapping the Behavioral Biases of LLMs via Utility Theory (Working Paper)

2024
Ross, Jillian, Yoon Kim, and Andrew W. Lo (2024), LLM economicus? Mapping the Behavioral Biases of LLMs via Utility Theory, Working Paper, arXiv:2408.02784.

Performance Attribution for Portfolio Constraints (Working Paper)

2024
Lo, Andrew W., and Ruixun Zhang (2024), Performance Attribution for Portfolio Constraints, Working Paper.

Quantifying the Returns of ESG Investing: An Empirical Analysis with Six ESG Metrics

2024
Berg, Florian, Andrew W. Lo, Roberto Rigobon, Manish Singh, and Ruixun Zhang (2024), Quantifying the Returns of ESG Investing: An Empirical Analysis with Six ESG Metrics, Journal of Portfolio Management 50 (8), 216–238.

Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice

2024
Lo, Andrew W., and Jillian Ross (2024), Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice, Harvard Data Science Review (Special Issue 5), https://doi.org/10.1162/99608f92.ec74a002.

How to pay for individualized genetic medicines

2024
Pian, Julia M. Y., Nana Owusu, Julia Vitarello, Winston X. Yan, Andrew W. Lo, and Timothy W. Yu (2024), How to Pay for Individualized Genetic Medicines, Nature Medicine 30, 1816-1818, https://doi.org/10.1038/s41591-024-03071-x.

Generative AI from Theory to Practice: A Case Study of Financial Advice

2024
Lo, Andrew W., and Jillian Ross (2024), Generative AI from Theory to Practice: A Case Study of Financial Advice, in An MIT Exploration of Generative AI, March, https://doi.org/10.21428/e4baedd9.a1f6a281.

Paying Off the Competition: Contracting, Market Power, and Innovation Incentives (Working Paper)

2024
Li, Xuelin, Andrew W. Lo, and Richard T. Thakor (2024), Paying Off the Competition: Contracting, Market Power, and Innovation Incentives, Working Paper.

Harry Markowitz and the Foundations of Modern Finance

2024
Lo, Andrew W. (2024), Harry Markowitz and the Foundations of Modern Finance, VoxEU, Centre for Economic Policy Research.

How does news affect biopharma stock prices?: An event study

2024
Cho, Joonhyuk, Manish Singh, and Andrew W. Lo (2024), How Does News Affect Biopharma Stock Prices?: An Event Study, PLoS One 19 (1), e0296927.

Optimal Impact Portfolios with General Dependence and Marginals

2024
Lo, Andrew W., Lan Wu, Ruixun Zhang, and Chaoyi Zhao (2024), Optimal Impact Portfolios with General Dependence and Marginals, Operations Research, Articles in Advance, https://doi.org/10.1287/opre.2023.0400.

Financially Adaptive Clinical Trials via Option Pricing Analysis

2024
Chaudhuri, Shomesh E., and Andrew W. Lo (2024),Financially adaptive clinical trials via option pricing analysis, Journal of Econometrics 240 (2), 105026. https://doi.org/10.1016/j.jeconom.2020.08.012.

Global Realignment in Financial Market Dynamics (Working Paper)

2023
Billio, Monica, Andrew W. Lo, Loriana Pelizzon, Mila Getmansky Sherman, and Abalfazl Zareei (2023), Global Realignment in Financial Market Dynamices, SAFE Working Paper No. 304.

A Review of Economic Issues for Gene-Targeted Therapies: Value, Affordability, and Access

2023
Garrison, Louis P., Andrew W. Lo, Richard S. Finkel, and Patricia A. Deverka (2023), A Review of Economic Issues for Gene-Targeted Therapies: Value, Affordability, and Access, American Journal of Medical Genetics Part C: Seminars in Medical Genetics 193 (1), 64–76.

Financing Fusion Energy

2023
Alhamdan, Abdullah, Zachery Halem, Irene Hernandez, Andrew W. Lo, Manish Singh, and Dennis Whyte (2023), Financing Fusion Energy, Journal of Investment Management 21 (1), 5–51.