Financial connectedness has become a major topic of interest in the past several years. This is in part due to advances which have thrust technology into a close marriage with economic concerns. We discuss several lines of research in which financial markets have led to problems which take engineering-like thought and challenges in new directions. In some of these examples, problems are framed in ways clearly recognizable to engineers.
Richard Sowers earned Bachelor’s and Master’s Degrees in Electrical Engineering (from, respectively, Drexel University and the University of Maryland at College Park), and a Ph.D. in Applied Mathematics (from the University of Maryland in College Park). He did postdoctoral studies at the University of Southern California, the University of Maryland at College Park, and Northwestern University. He joined the Department of Mathematics at the University of Illinois at Urbana-Champaign in 1996, rising to the rank of Full Professor in 2006. In 2012 he joined the Department of Industrial and Enterprise Systems Engineering at the University of Illinois at Urbana-Champaign. His interests are uncertainty and noise in systems, and he has studied mechanical systems, multiphase systems, and financial systems. He has consulted in the regulatory community, for hedge funds, and in the insurance industry.