The Wild Hunt for Nanoseconds
High-frequency trading can be a shortcut to good trades on the stock exchange.
Emeritus Professor Terje Lensberg
- Terje.Lensberg@nhh.no
- Telephone
- +47 55 95 92 06
- Department
- Finance
- Office
- C420
- Expertise
- Market Microstructure Decision Theory Game Theory
BIOGRAPHY
Terje Lensberg joined NHH as a faculty member in 1987, following completion of his Dr. oecon at the same school in 1986. Lensberg has spent periods as a visiting professor at Stanford University (1993-1994) and visiting scholar at Massachusetts Institute of Technology (1980-1981). He headed the Department of Finance and Management Science during 2005-2009.
Lensberg has co-authored two books and published widely in international journals. His main research interests are evolutionary finance, market microstructure and game theory. Lensberg has extensive experience with numerical models and methods, including genetic programming algorithms, with applications to policy analysis and quantitative trading strategies.
Lensberg has co-authored two books and published widely in international journals. His main research interests are evolutionary finance, market microstructure and game theory. Lensberg has extensive experience with numerical models and methods, including genetic programming algorithms, with applications to policy analysis and quantitative trading strategies.
Selected publications
| Author(s) | Title | Publisher |
|---|---|---|
| Lensberg, Terje; Schenk-Hoppe, Klaus Reiner | Cold play: Learning across bimatrix games | Journal of Economic Behavior and Organization Volume 185; page 419 - 441; 2021 |
| Hens, Thorsten; Lensberg, Terje; Schenk-Hoppe, Klaus Reiner | Front-Running and Market Quality: An Evolutionary Perspective on High Frequency Trading | International Review of Finance Volume 18 (4); page 727 - 741; 2018 |
| Lensberg, Terje; Palczewski, Jan; Ladley, Daniel; Schenk-Hoppe, Klaus Reiner | Fragmentation and Stability of Markets | Journal of Economic Behavior and Organization Volume 119; page 466 - 481; 2015 |
| Lensberg, Terje; Schenk-Hoppe, Klaus Reiner; Ladley, Dan | Costs and benefits of financial regulation: Short-selling bans and transaction taxes | Journal of Banking & Finance Volume 51; page 103 - 118; 2015 |
| Lensberg, Terje; Schenk-Hoppe, Klaus Reiner | Hedging without sweat: a genetic programming approach | Quantitative Finance Letters Volume 1 (1); page 41 - 46; 2013 |
Terje Lensberg has taught Trading and Market Microstructure at NHH.
Dissemination
Double-dealing the investors?
Last week NHH held Jan Mossin Memorial Symposium. The symposium, held every fifth year at NHH, is a tribute to former NHH Professor Jan Mossin.