# Professor Menachem Brenner's joint research on ambiguity in financial markets is spotlighted

1 Faculty News December 11, 2017 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](https://blogs.wsj.com/moneybeat/2017/12/11/volatility-is-low-but-ambiguity-is-sky-high/?shareToken=stff7db2022f5b45fa9af140b9fa78a207&reflink=article_email_share) -- "Mr. [Brenner](http://www.stern.nyu.edu/faculty/bio/menachem-brenner), a early pioneer of volatility research whose work was profiled in The Wall Street Journal in March, and Mr. Izhakian are turning the concept into a gauge of current market conditions that they hope will be useful for market watchers. They came up with the measure by analyzing market returns in five-minute increments. Their research is due to be published in the Journal of Financial Economics."

[Read more](https://blogs.wsj.com/moneybeat/2017/12/11/volatility-is-low-but-ambiguity-is-sky-high/?shareToken=stff7db2022f5b45fa9af140b9fa78a207&reflink=article_email_share)