The Department of Finance is pleased to announce that Jamie Reid, an MSc Risk & Finance alumnus, has been awarded with the WCIB prize, for his dissertation entitled “On the origins and failures of prospect theory: proposing a new utility function”. The Worshipful Company of International Bankers (WCIB) offers the prize each year to students from a number of participating institutions, whereby a shortlist of MSc dissertations or extended essays are nominated by faculty to be put forward for consideration. Typically the work put forward will be related to the City, international banking or an aspect of finance.
A prize giving ceremony and afternoon tea was hosted by the Department of Finance on Tuesday 24 May, to celebrate the occasion. Dr Vicente Cunat, Deputy Head of Teaching opened the ceremony with an introductory speech to congratulate Jamie on behalf of the Department of Finance and welcome the relationship between the WCIB and LSE. The prize of a cheque for £300 and certificate of merit was then presented to Jamie by Omiros D. Sarikas, who is Liveryman at the WCIB and WCIB Relationship Manager for LSE, as well as being an alumnus of the School. The event was also attended by Dr Domingos Romualdo, Co-Director for the MSc Risk & Finance, Mary Comben, Programme Manager for the MSc Risk & Finance and Helen Broad, Programmes Portfolio Manager at the Department of Finance, as well as Dr Sarah Flew, the Foundation Partnerships Manager at LSE Advancement.