An Indian-born economics professor at the Massachusetts Institute of Technology is this year's youngest winner of the five-year $500,000 MacArthur Fellowship, also known as the 'Genius Grants'. According to a PTI report, Sendhil Mullainathan, 29, received the award for using insights from psychology and sociology in his research to better understand economic behavior and the functioning of markets.
Sendhil’s recent research found that investors tend to have expectations based on past experiences, and are slow to recognize changing economic conditions even when they are already underway.
Born in India, Sendhil Mullainathan came to the US at age 7. He grew up in Los Angeles, received his B.A. in computer science, economics and mathematics from Cornell University in Ithaca, New York. He then went on to receive a Ph.D. in economics from Harvard University, before going the faculty of MIT in Cambridge Massachusetts in 1998.
Sendhil says he plans to use the grant money to do "something good," perhaps through a nonprofit organization in India.
- nriol.com report
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