January 10, 2008
Vol. 27 No. 7

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    John Cacioppo, the Tiffany & Margaret Blake Distinguished Service Professor in Psychology, has been elected President of the Association for Psychological Science, a nonprofit organization dedicated to the advancement of scientific psychology and its representation at the national and international levels.

    The association has approximately 18,000 members and includes leading psychological scientists and academics, clinicians, researchers, teachers and administrators.

    Cacioppo is a social neuroscientist, investigating how societal influences and personal relationships affect cognition and emotions, the underlying neural substrates and mechanisms, and peripheral response.

    He serves on the National Advisory Council on Aging, the group that advises the National Institute on Aging on the conduct and support of biomedical, social, and behavioral research and training on the diseases and conditions associated with aging.


    Eugene Fama, the Robert R. McCormick Distinguished Service Professor of Finance in the Graduate School of Business, has been chosen as the first recipient of the Morgan Stanley-AFA Award for Excellence in Finance, given by Morgan Stanley and the American Finance Association.

    “It is a great honor to receive this first Morgan Stanley-AFA Award from a knowledgeable group of research peers within the finance community,” said Fama.

    Fama is world-renowned for his original theoretical and empirical work on portfolio theory, asset pricing and capital structure. He has published approximately 100 academic research papers and two textbooks, including The Theory of Finance, which he co-authored with the late Merton Miller, former professor in the GSB.

    The Award comes with a $200,000 cash grant to an eligible institution to be used in support of research in the financial field of the recipient’s choosing. Fama selected the Chicago’s GSB to receive the gift. “The University of Chicago Graduate School of Business has played an ongoing central role in my personal and professional development, since I arrived on campus in 1960 as a student and since I joined the faculty in 1963.”

    Fama recently has collaborated with Kenneth French, the Carl E. and Catherine M. Heidt professor of finance at the Tuck School of Business at Dartmouth College. The two financial scholars have produced a model that replaces the Capital Asset Pricing Model in applied and empirical work.

    Morgan Stanley is a leading global financial services firm, providing a wide range of investment banking, securities, investment management and wealth-management services. The American Finance Association is the premier academic organization devoted to the study and promotion of knowledge about financial economics. Founded in 1940, the AFA now has more than 10,000 members and publishes the world-renowned Journal of Finance.


    Farouk Mustafa, the Ibn Rushd Professorial Lecturer in Modern Arabic Languages, received an award Thursday, Nov. 8 for his translation of The Lodging House by Egyptian author Khairy Shalaby.

    A renowned literature teacher and translator at Chicago for more than 32 years, Mustafa received the Saif Ghobash-Banipal Prize and 2,000 British pounds for his translation of the 1999 novel.

    Mustafa uses the pen name Farouk Abdel Wahab for his writing and translations.

    The Banipal Prize judges’ announcement described the novel as “a wise, anarchic, ribald, compassionate compendium of life at its most precarious and most ebullient.” The prize awarded for the translation of “imaginative and creative work of literary merit” honors “important work of individual translators in bringing … established and emerging Arab writers to the attention of the wider world.”

    Born and educated in Egypt, Mustafa received his Ph.D. from the University of Minnesota in 1977, and has taught at the University since 1975. Mustafa has translated works of Shakespeare and Pirandello into Arabic and novels by other Egyptian writers into English. He also translated The Other Place by Egyptian author Ibrahim Abdel Meguid, which won the inaugural Naguib Mahfouz Prize for Arabic literature.


    Lubos Pastor, Professor of Finance in the Graduate School of Business, received the 2007 Goldman Sachs Asset Management Award from the Western Finance Association for the best research in empirical investments.

    Pastor was honored for his paper “Predictive Systems: Living with Imperfect Predictors,” co-authored with Robert Stambaugh (Ph.D.,’81), the Ronald O. Perelman professor of finance at the University of Pennsylvania’s Wharton School.

    The award was presented in June 2007 at the association’s annual conference.

    Pastor teaches advanced courses in portfolio management to students in the school’s full-time and part-time M.B.A. programs.

    He joined the Chicago faculty in 1999 after receiving a Ph.D. from The University of Pennsylvania’s Wharton School.


    Amir Sufi, Assistant Professor of Finance in the Graduate School of Business, received the inaugural JPMorgan Young Researcher Prize awarded by The Review of Financial Studies.

    Sufi was honored for his research paper, “Bank Lines of Credit in Corporate Finance: An Empirical Analysis,” which can be found at: http://rfs.oxfordjournals.org/cgi/reprint/hhm007v1.

    The award, presented at the annual conference of the Western Finance Association, recognizes the best research accepted for publication in The Review of Financial Studies written by a recent Ph.D. graduate.

    Sufi, who joined the Chicago faculty in 2005, teaches courses in corporation finance.

    He received his Ph.D. in economics in 2005 from the Massachusetts Institute of Technology, where he was awarded the MIT Robert M. Solow Endowment Prize for Graduate Student Excellence in Teaching and Research.