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The California Tech Volume CXViii number 20 Pasadena, California [email protected] marCh 30, 2015 Anderson wins prestigious student-athlete honor LORI DAJOSE Upon his arrival at Caltech in the or the fuel cell route. We’re Contributing Writer fall of 2012, he joined both the analyzing both systems with basketball team and the Institute’s respect to these go-karts to This article was originally 2013 Department of Energy figure out their overall energy written for the Marketing and Solar Decathlon team, which efficiency.” Communications Office and is collaborated with architectural Engineering the go-karts published online at caltech.edu. design students from the Southern to run on sustainable energy California Institute of Architecture is still a long-term process. to design, build, and operate a In the more immediate Rob Anderson, a junior on the solar-powered house. future, Anderson will soon Caltech men’s basketball team, has During the summer of 2013, be traveling to attend the been named to the 2015 Allstate Anderson returned to his home NCAA Division I “Final Four” National Association of Basketball state to conduct research at the college basketball playoffs Coaches Good Works Team. University of Minnesota, where with other student-athletes The community service award he designed and coded a tool to on the NABC’s Good Works “honors student-athletes for their calculate the economic feasibility team. Later in the year, the off-the-court achievements and of growing crops that could be team will also participate in commitment to giving back to converted to fuel in the form of a community works project their communities and positively cellulosic ethanol. and hold a basketball camp impacting the lives of those around “After the Solar Decathlon Photo Courtesy of Lance Hayashida/Caltech Office of Strategic Communications for younger players. them,” according to the NABC. ended in autumn of 2013, I began “Rob epitomizes the “I learned that I was named to looking for another engineering students signed up for the club’s drivetrains—the components term student-athlete,” says head the team at 8:30 a.m. after pulling sustainability project,” Anderson mailing list. that deliver power to the driving basketball coach Oliver Eslinger. an all-nighter, so it didn’t really hit says. “I noticed there were a few “That’s basically how the wheels—and battery systems. We’re “His character and commitment, me at first,” Anderson says. “I feel empty gas-engine go-karts in Sustainable Vehicle Club was working with local companies to both as an academic standout extremely honored to represent Fleming [one of Caltech’s eight born,” Anderson says. “The people gather most of the parts.” Anderson and teammate, are highly valued Caltech and our team on a national undergraduate houses] and I at the Resnick Institute were and his team aim to enter the 2016 in our program. He is a perfect scale.” realized I could re-engineer them excited that a student wanted Society of Automotive Engineers representative for athletics and Anderson, who is studying to use electric power.” to lead an engineering project Formula One Electric Race, an our university, in that he brings mechanical engineering and Anderson reached out to Caltech around sustainability. They have electric vehicle design competition efficiency, creativity, and focus business economics and and the Resnick Sustainability played a key role in advising the for college engineers. to his daily activities. We are so management, was selected for Institute, and proposed repairing club, connecting us with the right In addition to design and proud of this honor and what it his extensive work researching the vehicles, one using battery people around campus and in the engineering, Anderson and his means for Caltech. I know that the and designing sustainable energy power and another using a hydrogen corporate world, and have been group conduct research into the folks he meets during Final Four projects. During his senior year fuel cell. He also reached out to the our main source of funding for feasibility and efficiency of fuel weekend will be impressed with of high school, he designed a 17- undergraduate population to gauge purchasing the parts we need.” cells. his efforts and abilities to balance foot solar-powered boat for the interest in a sustainable vehicle “Now we’re using the old go- “In general, sustainable energy basketball with all of his research 2012 Solar Splash Competition. club. Eventually, more than 100 kart shells to experiment with can go either the electric route and academic pursuits.” Caltech economist Richard Roll wins Onassis Prize in finance KIMM FESENMAIER this year’s award for finance with as “Roll’s Critique.” That work way to test the most prominent governmental agencies and Caltech Media Relations Stewart Myers, an economics cast into doubt empirical tests of modern asset pricing theory. corporations. He was a vice professor at MIT. the capital asset pricing model, Roll joined the faculty at Caltech president of Goldman, Sachs & This article was originally “The Onassis Prize in in 2014 after spending nearly 40 Co. from 1985 until 1987. He also published online at caltech.edu. Finance has been awarded years at the UCLA Anderson served as president of the American Richard Roll, the Linde previously to Nobel laureate School of Management. He has Finance Association in 1987. Institute Professor of Finance at Eugene Fama, Caltech also held faculty positions at Roll has published more than Caltech, has been named one of trustee and Deutsche Carnegie-Mellon University, the 100 peer-reviewed articles and has two recipients of this year’s Onassis Bank Prize recipient European Institute for Advanced won Graham and Dodd Awards Prize in Finance. Awarded only Stephen Ross, along with Study of Management in Brussels, for financial writing four times. once every three years, the Onassis my esteemed corecipient and the French business school Among other achievements, Roll Prizes honor the contributions of this year, Stewart Myers. Hautes Études Commerciales has won the Leo Melamed Award top thinkers in the fields of finance, I am humbled and deeply near Paris. for outstanding scholarship by a international trade, and shipping. honored to be included in He earned his undergraduate business school professor (1990), “As the Linde Professor of such company,” says Roll. degree in aeronautical engineering the Roger F. Murray Prize from Finance, Richard Roll anchors a In a statement, the from Auburn University. He then the Institute for Quantitative revitalized program in finance at Cass Business School was employed by Boeing, where Research in Finance (2001), Caltech that is now making great and Onassis Foundation he worked on the 727 and wrote and the Nicholas Molodovsky strides in both original research noted, “This year’s winners the operating manual for the Award from the Association for and in improving the course have made foundational first stage booster of the Saturn Investment Management Research offerings for both undergraduate contributions to finance moon rocket, while earning (2002), and was named “Financial and graduate students,” says Jean- since the beginning of Photo Courtesy of Lance Hayashida/Caltech Office his M.B.A. at the University of Engineer of the Year for 2009” by of Strategic Communications Laurent Rosenthal, chair of the its transformation to a Washington. Realizing that he was the International Association of Division of the Humanities and rigorous science-based discipline, then a premier model of risk and more interested in business than Financial Engineers. He is also a Social Sciences at Caltech. “It is nearly a half century ago: Stewart return. Roll has also collaborated engineering, he quit his job and fellow of the Econometric Society. wonderful to see him recognized Myers in corporate finance and with Caltech alumnus and trustee completed a Ph.D. in economics, The winners of the Onassis Prizes with this prestigious prize.” Richard Roll in capital markets.” Stephen Ross (B.S. ’65) to test finance, and statistics at the were announced by Alderman Alan The Onassis Prizes are awarded Roll is known for his work on Ross’s alternative model of risk University of Chicago. Yarrow, the Lord Mayor of London, jointly by the Alexander S. Onassis portfolio theory—the design of and return known as the arbitrage In addition to his academic at Mansion House in London on Public Benefit Foundation and the optimal investment portfolios— pricing theory. Roll continues to positions, Roll has founded March 20. Roll and the other 2015 Cass Business School, part of City and asset pricing. His most widely work in this area; in his most recent several companies and has served honorees will receive their awards University London. Roll shares cited paper has come to be known working paper, he proposes a new as a consultant to numerous at a ceremony in September. news | Page 2 FEATURe | Page 3 FEATURe | Page 4 sPORts | Page 5 In thIs caltech y OFFeRs naIlen RevIews casey RecaPs the DOubles team new OPPORtunItIes “mR. wOnDeRFul” caltech sPace scORes secOnD Issue FOR stuDents challenge cOnsecutIve wIn news 2 marCh 30, 2015 the calIFORnIa tech Caltech Y Column: News & Events Argerich and Valčuha dazzle at CALTECH Y Are you wondering about the Brunch is provided. Space is Walt Disney Hall performance next step in your life? Have you limited, registration required by JERRY FENG with music was a peculiar one: one The Caltech Y Column serves to reached a crossroad where you Thursday, 3/26. Register at https:// Contributing Writer day she could dream of nothing inform students of upcoming events would benefit from an opportunity docs.google.com/forms/d/1HoPlP but music, yet the next she could and volunteer opportunities. The to explore? Would a trip, an l1ofwcecUAf8EhFupoGTFnw0Vv5 Last month, Walt Disney Hall equally hate it and feel like she never list is compiled by Neera Shah from opportunity to volunteer with suDr0uNHuno/viewform.