Advisory Board

Professor Lester Ingber

Lester Ingber, Ph.D. is a Physicist at Lester Ingber Research (LIR).
Lester has published over 100 papers and books in the categories of: theoretical nuclear physics, neuroscience, finance, optimization, combat analysis, karate, and education. He coauthored Stochastic Global Optimization and Its Applications with Fuzzy Adaptive Simulated Annealing.
NUCLEAR PHYSICS: From 1965 to 1972 he published in atomic, nuclear, astro-, and elementary particle physics. His major work was to develop a nucleon- nucleon interaction described by exchanged mesons, and to apply this interaction to calculate properties of nucleon–nucleon scattering, the deuteron, nuclear matter, and neutron stars. During 1983–1986 he used modern methods of nonlinear functional analysis developed in the late 1970s to discover contributions induced by velocity-dependent potentials to nuclear matter binding energies.
NEUROSCIENCE: Since 1978 he has developed a statistical mechanics of neocortical interactions applicable to a broad range of spatial and temporal scales, using modern methods of nonlinear nonequilibrium statistical mechanics to calculate brain ‘observables’ from neuronal dynamics, e.g., short-term memory and EEG analyses. His 1983 Physical Review paper was the first paper accepted on the brain in this premier physics journal.
FINANCE: Since 1980 he has developed a statistical mechanics approach to financial markets, e.g., to multivariable term structure and stochastic markets. His 1990 Physical Review paper was the first paper accepted on finance in this premier physics journal. From 1997 to 2001, as Director R&D at DRW in Chicago, he led a team developing multi-factor nonlinear stochastic models of markets. From 2002 to 2003 he was Director R&D at DUNN Capital Management in Stuart FL, developing risk-management algorithms. From 2011 to 2013 he was a Partner in Pion Capital, a hedge-fund partnership of Caltech alumni.
OPTIMIZATION/MODELING: Since 1987 he has developed Adaptive Simulated Annealing (ASA), one of the most powerful optimization algorithms for nonlinear and stochastic systems, working with thousands of users. Other codes have been developed to model multivariate nonlinear stochastic systems. During 1994–1995, as principal investigator (PI) of an NSF Supercomputer grant, he ported his ASA and PATHINT codes onto parallel supercomputers.
COMBAT SIMULATION: From 1986 to 1989, as PI of an Army contract, he applied these methods of mathematical physics, leading a team of scientists and officers to develop mathematical comparisons of Janus computer combat simulations with exercise data from the National Training Center (NTC), developing a testable theory of combat successfully baselined to empirical data.
EDUCATION AND POSITIONS. He earned: his diploma from Brooklyn Technical High School in 1958; his B.S. in physics from Caltech in 1962; his Ph.D. in theoretical nuclear physics from UC San Diego in 1967, having studied at the Niels Bohr Institute in 1964, and having consulted at RAND in 1965–1966. He was a National Science Foundation Postdoctoral Fellow at UC Berkeley in 1967–1968 and at UC Los Angeles in 1968–1969, an Assistant Professor in physics at SUNY at Stony Brook from 1969 to 1970, and a research physicist in the Physics department and in the Institute for Pure and Applied Physical Sciences (IPAPS) at UC San Diego from 1970 to 1972. From 1970 to 1986 he was President of Physical Studies Institute (PSI), a nonprofit corporation he founded in 1970, which was an agency account in IPAPS from 1980 to 1986.
From 1970 to 1972 he developed teaching methodologies for academics and fine arts, instructing in and administrating a six-course program through UC San Diego Extension. From 1972 to 1978, though PSI, he founded, funded, and instructed in an experimental alternative high school offering 30+ courses in academics, fine arts, and physical disciplines. He was a Research Associate at UC San Diego in the Music department from 1972 to 1974 and in IPAPS from 1980 to 1986. He was awarded a Senior Research Associateship for 1985–1986 by the National Research Council (NRC) of the National Academy of Sciences, taken at the Naval Postgraduate School (NPS) in Monterey, CA.
From 1986 to 1989 he was Professor of Physics at NPS at a GS-15 Step 10 equivalent position. In March 1988 he was officially offered a Senior Executive Service (SES) appointment as Assistant Director of the Joint Tactical C3 Agency (JTC3A); he declined to complete his projects. From February through June 1989 he was on extended temporary duty at US Army Concepts Analysis Agency (CAA) in Bethesda, MD. In 1989 he won a second NRC Senior Research Associateship, taken at the Naval Ocean Systems Center (NOSC) in San Diego. From 1989 to 1990 he was Research Professor of Mathematics at The George Washington University (GWU), D.C. From 1989 to 1997, through Lester Ingber Research (LIR), he consulted on projects in his fields of expertise.
From 1997 to 2001 he was Director of Research and Development at DRW, a trading firm in Chicago, IL. From 2002 to 2003 he was Director of R&D at DUNN Capital Management in Stuart FL. Currently, through LIR, he conducts research in selected interdisciplinary projects. In 2012 he was Editor-in-Chief at Research Publisher in Santa Clara, CA for three journals and associated e-conferences. From 2011 to 2013 he was a Partner in Pion Capital, a hedge-fund partnership of Caltech alumni. From 2013 to 2018 he was PI of NSF physics project on EEG influence on Ca waves.
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