Kenneth J. Singleton is Adams Distinguished Professor of Management and Senior Associate Dean for Academic Affairs at the Graduate School of Business, Stanford University. A Fellow of the Econometric Society, he is the recipient of the organization's Frisch Prize. He is also the recipient of the Smith-Breeden Distinguished Paper Award from the "Journal of Finance." Singleton is a director of the American Finance Association and was previously an editor of the "Review of Financial Studies." He is coauthor, with Darrell Duffie, of "Credit Risk: Pricing, Management, and Measurement" (Princeton).