[3] The best known of these papers is the 1978 Econometrica article cited, which establishes by elementary means a very general theorem on the cores of exchange economies.
[4] In the 2008 Econometrica article cited, Anderson and Raimondo provide the first satisfactory proof of existence of equilibrium in a continuous-time securities market with more than one agent.
In an article published in the Financial Analysts Journal in 2012 and cited below, Anderson, Bianchi and Goldberg found that long-term returns to risk parity strategies, which have acquired tens of billions of dollars in assets under management in the wake of the global financial crisis, are not materially different from the returns to more transparent strategies once realistic financing and trading costs are taken into account; they do well in some periods and poorly in others.
A subsequent investigation by the same research team found that returns to dynamically levered strategies such as risk parity are highly unpredictable due to high sensitivity of strategy performance to a key risk factor: the co-movement of leverage with return to the underlying portfolio that is levered.
[8] As the Chair of the University of California Academic Council during the Occupy Wall Street protests of 2011, Anderson also spoke out against police violence on the campus of UC Davis, pledging the Council's "opposition to the state’s disinvestment in higher education, which is at the root of the student protests.