Philip Z. Maymin

Philip Z. Maymin

Assistant Professor

Department of Finance and Risk Engineering

Biography

Dr. Philip Z. Maymin is Assistant Professor of Finance and Risk Engineering at NYU-Polytechnic Institute. He is also the founding managing editor of Algorithmic Finance.

He holds a Ph.D. in Finance from the University of Chicago, a Master's in Applied Mathematics from Harvard University, and a Bachelor's in Computer Science from Harvard University. He also holds a J.D. and is an attorney-at-law admitted to practice in California.

He has been a portfolio manager at Long-Term Capital Management, Ellington Management Group, and his own hedge fund, Maymin Capital Management.

He has also been a policy scholar for a free market think tank, a Justice of the Peace, a Congressional candidate, and a columnist for the Fairfield County Weekly and LewRockwell.com. He is also an award-winning journalist and the author of Yankee Wake Up, Free Your Inner Yankee, and Yankee Go Home. He was a finalist for the 2010 Bastiat Prize for Online Journalism.

His popular writings have been published in dozens of media outlets ranging from Forbes to the New York Post to American Banker to regional newspapers, and his research has been profiled in dozens more, including The New York Times, USA Today, Financial Times, Boston Globe, NPR, BBC, Guardian (UK), CNBC, Newsweek Poland, Financial Times Deutschland, and others.

His research on behavioral and algorithmic finance has appeared in Quantitative Finance, North American Journal of Economics and Finance, Journal of Wealth Management, Journal of Applied Finance, and Risk and Decision Analysis, among others, and his textbook Financial Hacking was recently published by World Scientific. 

Journal Articles

  1. Maymin, Philip Z.; Maymin, Zakhar G. (2013), "Maimonides Risk Parity," Quantitative Finance Letters forthcoming.
  2. Maymin, Allan; Maymin, Philip Z.; Shen, Eugene (2013), "NBA Chemistry: Positive and Negative Synergies in Basketball," International Journal of Computer Science in Sport December 2013, forthcoming.
  3. Fisher, Gregg S.; Maymin, Philip Z.; Maymin, Zakhar G. (2013), "Mutual Fund Outperformance and Growth," Journal of Investment Management forthcoming.
  4. Fisher, Gregg S.; Maymin, Philip Z.; Maymin, Zakhar G. (2014), "Risk Parity Optimality," Journal of Portfolio Management forthcoming.
  5. Maymin, Philip Z. (2014), "A New Algorithmic Approach to Entangled Political Economy: Insights from the Simplest Models of Complexity," Advances in Austrian Economics forthcoming.
  6. Maymin, Philip Z.; Maymin, Zakhar G.; Fisher, Gregg S. (2013), "Momentum's Hidden Sensitivity to the Starting Day," Journal of Investing forthcoming.
  7. Maymin, Philip Z. (2013), "Schizophrenic Representative Investors," Complex Systems 22:1, 61-73.
  8. Maymin, Allan; Maymin, Philip Z.; Shen, Eugene (2012), "Individual Factors of Successful Free Throw Shooting," Journal of Quantitative Analysis in Sports 8:3, doi:10.1515/1559-0410.1414.
  9. Maymin, Philip Z.; Maymin, Zakhar G. (2012), "Any Regulation of Risk Increases Risk," Financial Markets and Portfolio Management 26:3, 299-313.
  10. Maymin, Allan; Maymin, Philip Z.; Shen, Eugene (2012), "How Much Trouble is Early Foul Trouble?", International Journal of Sport Finance 7:4, 324-339.
  11. Maymin, Philip Z.; Maymin, Zakhar G. (2011), "Constructing the Best Trading Strategy: A New General Framework," Journal of Investment Strategies 1:1, pp.1-22.
  12. Maymin, Philip Z. (2012), "Music and the Market: Song and Stock Volatility," North American Journal of Economics and Finance 23:1, 70-85.
  13. Maymin, Philip Z. (2011), "Markets are Efficient If and Only If P=NP," Algorithmic Finance 1:1, 1-11.
  14. Maymin, Philip Z. (2011), "Self-Imposed Limits to Arbitrage," Journal of Applied Finance 21:2, 88-105.
  15. Maymin, Philip Z.; Fisher, Gregg S. (2011), "Past Performance is Indicative of Future Beliefs", Risk and Decision Analysis 2:3, 145-150.
  16. Maymin, Philip Z. (2011), "The Minimal Model of Financial Complexity," Quantitative Finance 11:9, 1371-1378.
  17. Maymin, Philip Z.; Fisher, Gregg S. (2011), "Preventing Emotional Investing: An Added Value of an Investment Advisor," Journal of Wealth Management 13:4, 34-43.
  18. Maymin, Philip Z.; Lim, Tai Wei (2012), "The Iron Fist vs. the Invisible Hand: Interventionism and libertarianism in environmental economic discourses", World Review of Entrepreneurship, Management and Sustainable Development 8:3, 358-374.
  19. Maymin, Philip Z. (2011), "Metanoia and the Market", Journal of Behavioral Finance & Economics 1:1, Winter 2011, pp.27-42.
  20. Maymin, Philip Z. (2009), "Regulation Simulation", European Journal of Finance and Banking Research 2:2, 1-12.
  21. Maymin, Philip Z. (2009), "The Hazards of Propping Up: Bubbles and Chaos," The International Journal of Business and Finance Research 3:2, 83-93.
  22. Maymin, Philip Z. (2009), "Prospect Theory and Fat Tails," Risk and Decision Analysis 1:3, 187-195.

Other Publications

  1. Maymin, Philip Z. (2011), "Behavioral Finance Has Come of Age", Risk and Decision Analysis 2:3, 125.
  2. Maymin, Philip Z. (2011), "Why Financial Regulation is Doomed to Fail", Library of Economics and Liberty, March 2011.
  3. Maymin, Philip Z. (2013), "A New Kind of Finance," in Irreducibility and Computational Equivalence: 10 Years After Wolfram's A New Kind of Science, Hector Zenil, ed., Springer Verlag.
  4. Maymin, Allan; Maymin, Philip Z.; Shen, Eugene (2011), "How Much Trouble is Early Foul Trouble?", Proceedings of the 5th Annual MIT Sloan Sports Analytics Conference.
  5. Maymin, Philip Z. (2013), "Acceleration in the NBA: Towards an Algorithmic Taxonomy of Basketball Plays," Proceedings of the 7th Annual MIT Sloan Sports Analytics Conference.
  6. Maymin, Allan; Maymin, Philip Z.; Shen, Eugene (2012), "NBA Chemistry: Positive and Negative Synergies in Basketball," Proceedings of the 6th Annual MIT Sloan Sports Analytics Conference.
  7. Maymin, Philip Z. (2003), "Programming Complex Systems," in Yaneer Bar-Yam (Ed.), Unifying Themes in Complex Systems, Vol. I, Proceedings of the First International Conference on Complex Systems (1997), Chapter 32, pp. 325-341, Colorado: Westview Press.

Education

University of Chicago, Class of 2007

Ph.D., Finance

Harvard University, Class of 1997

M.S., Applied Mathematics

Harvard University, Class of 1997

B.A., Computer Science

Research Interests

  • Algorithmic Finance
  • Behavioral Finance
  • Derivatives and Hedge Funds
  • Agent-Based Modeling