Photo of Bassett, Gib

Gib Bassett

Emeritus Professor and Director of the International Center for Futures and Derivatives (ICFD)

Department of Finance

Contact

Building & Room:

University Hall 2115

Address:

601 S. Morgan St., Chicago, IL 60607

Office Phone:

(312) 996-5777

Email:

gib@uic.edu

CV Download:

CV_GibBassett_2021

Related Sites:

About

Gib Bassett is Emeritus Professor of Finance and Economics at the University of Illinois at Chicago. He is the founding director of the International Center for Futures and Derivatives at UIC. He co-developed quantile regression, which was recognized by the Journal of Economic Perspectives as one of the most significant advances in economics in the past 50 years. His research has appeared in leading journals in Finance, Economics, and Statistics. He worked at the Chicago Union Stock Yards, a summer job while in college, recording prices from the ticker tape to a blackboard; before markets opened, he sorted live hogs delivered to the stockyards overnight. Since 2003 he has taught The Chicago Exchanges course at UIC.

Selected Publications

“The Goat in the City”, Mathematical Intelligencer, forthcoming 2021.

“Review of Median Stable Distributions and Shröder’s Equation,” Journal of Econometrics, 213(2019)289-295.

“Median Stable Distributions,” in: Liu, Regina Y., and Joseph W. McKean, eds. Robust Rank-Based and Nonparametric Methods, Vol. 168. Springer, 2016: 249-260.

“Conditional Quantile Regression Models of Melanoma Tumor Growth Curves for Assessing Treatment Effect in Small Sample Studies,” with Ella Revzin and Dibyen Majumdar. Statistics in Medicine, Sept. 2014, Vol. 33: 5209-5220.

“What Does Beta SMB > 0 Really Mean?,” with Hsiu-lang Chen, The Journal of Financial Research, v. XXXVII, No.4, p. 543-51, Winter 2014.

“March Madness, Quantile Regression Bracketology, and the Hayek Hypothesis,” with Roger Koenker, Journal of Business and Economic Statistics, Jan 2010, Vol. 28, No. 1: 26–35.

“Quantile Momentum,” with Rong Chen and Yongchang Feng, Statistics and Its Interface, v.1,n2, 2008, p.243-254.

“Quantile Regression for Rating Sports Teams.” Statistical Modeling, volume 7, Number 4, December 2007.

“Fundamental Indexation via Smoothed Cap Weights.” with Chen Chen and Rong Chen, Journal of Banking and Finance, 31, 2007, p. 3486-3502.

Education

PhD, Economics, University of Michigan
BS, Economics, University of Pennsylvania