The BEST Award for Student Research
Awarded by the Department of Statistical Science, the BEST Award
was established by the BEST
Foundation to promote and recognise student research in Bayesian statistical modeling
related to time series and other methods in financial applications. The prize
is generously funded on an annual basis, and awarded to a student or group of
students on the basis of submitted projects.
The BEST Award simultaneously recognises the importance and impact of Bayesian methodology in modern finance and investment management, and the importance of active applied research experiences in undergraduate and graduate student education.
The BEST Foundation is a New Jersey nonprofit corporation whose primary mission is to make gifts, grants and contributions to educational, scientific and charitable institutions or organizations. The major contributor to the BEST Foundation is BEST (Bayesian Efficient Strategic Trading, LLC - www.2bestsystems.com), a company that develops, licenses and trades Bayesian based investment strategies. Dr J.M. Quintana, Chairman of BEST, LLC and Trustee of BEST Foundation, has a long-term interest in Bayesian forecasting and optimal decision making and its applications in the investment management field. BEST LLC also has a long-term research association with Duke students and alumni working with faculty and collaborators on research in Bayesian modelling and statistical computation related to time series and/or financial applications.
The BEST Award, established in 2007 and awarded for the first time
is administered and awarded subject to a
between the BEST Foundation and Duke University.
The BEST Award: Further Details
Students that are family members of the officers of the BEST Foundation, or of a member of the faculty of the Department of Statistical Science, or of any member of the BEST Award and Selection Committees are ineligible.