Albert Madansky

Albert Madansky (May 16, 1934 - December 8, 2022) was an American statistician known for his work in stock option pricing and the prediction of an accidental nuclear detonation. Alongside Gary L. Gastineau, he developed the Gastineau-Madansky model for stock option pricing and later co-authored the Edmundson-Madansky theorem (which falls in the field of stochastic linear programming).[1] Some of his early research at RAND Corporation was used to develop Permissive Action Links, which help mitigate a nuclear accident.[2] Madansky served as deputy dean of the University of Chicago Booth School of Business from 1985 to 1993.[3] He was also known for his efforts with other scholars to determine the best pastrami sandwich among the Kosher delis of New York City.[4] He was the grandfather of linguist Harris Mowbray.[5]

Albert Madansky
Born(1934-05-16)16 May 1934
Chicago
Died8 December 2022(2022-12-08) (aged 88)
Chicago
CitizenshipAmerican
Alma materUniversity of Chicago
OccupationStatistician
Known forWork in Statistics

References
  1. "Albert Madansky". University of Chicago School of Business. Archived from the original on 29 September 2022.
  2. Roberts, Sam (21 December 2022). "Albert Madansky Dies at 88; Gauged Risk of Unwitting Atomic War". The New York Times.
  3. "Albert Madansky, University of Chicago statistics professor whose work ranged from serious to whimsical, dies". Chicago Tribune. 17 January 2023.
  4. Hester, Jessica Leigh (7 June 2018). "When Two Economists Scientifically Ranked New York's Best Deli Sandwiches". Gastro Obscura.
  5. "Albert Madansky Obituary (2022) - Chicago, IL - Chicago Tribune". Legacy.com.


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