Prof. Lancelot F. JAMES

Prof. Lancelot F. JAMES

Professor, Business Statistics

Academic qualification

  • PhD 1993 SUNY Buffalo, Statistics
  • B.A. 1989 SUNY Buffalo, Statistics


  • Professor of ISOM, HKUST, 2008 - present
  • Associate Professor of ISMT, HKUST, 2005 - 2008
  • Visiting Scholar of ISMT, HKUST, 2001 - 2005
  • Assistant Professor, Mathematical Sciences, Johns Hopkins University 1995 - 2002
  • Visiting Scholar, Institut National Recherche Agronomique (INRA) and Centre Recherche Economique et Statistique (CREST), Paris, France 1994 - 1995
  • Postdoctoral Fellow, National Institute of Health (NIH), Dept. Of Biostatistics, University of Rochester 1993 -1994


  • James, L. F., "Bayesian Poisson Calculus for Latent Feature Modeling via Generalized Indian Buffet Process Priors", Annals of Statistics, 2016, accepted
  • Lee, J, James, L. F. and Choi, S, "Finite-dimensional BFRY Priors and Variational Bayesian Inference for Power Law Models", to appear in Advances in Neural Information Processing Systems 29 (NIPS 2016), 2016, Acceptance rate 568/2500
  • James, L. F., Müller, G., and Zhang, Z., "Stochastic Volatility Models based on OU-Gamma Time Change: Theory and Estimation Authors", Journal of Business and Economic Statistics, 2016 , to appear
  • James, L. F., Kim, D., and Zhang, Z., "Exact simulation pricing with gamma processes and their extensions", The Journal of Computational Finance, 17, 2, 2013, 3-6
  • Kim, Y., James L. F., and Weissbach, R., "Bayesian Analysis of Multi-state Event History Data: Beta-Dirichlet Prior", Biometrika, 99, 2012, 127-140
  • James, L. F., and Zhang, Z., "Quantile Clocks", Annals of Applied Probability, 21, 2011, 1627-1662
  • Wood, F., Gasthaus, J., Archambeau, C., James, L. F., and Teh, Y. W., "The Sequence Memoizer", Association for Computing Machinery Communications of the ACM, 54, 2, 2011, 91-98
  • Devroye, L., and James, L. F., "The Double CFTP Method", ACM Transactions on Modeling and Computer Simulation, 21, 2011, 10:1-10:20
  • De Blasi, P., James, L. F., and Lau, J. W., "Bayesian Nonparametric Estimation and Consistency of Mixed Multinomial Logit Choice Models", Bernoulli, 16, 2010, 679-704
  • James, L. F., "Dirichlet Mean Identities and Laws of a Class of Subordinators",Bernoulli, 16, 2010, 361-388
  • James, L. F., "Lamperti-type Laws", Annals of Applied Probability, 20, 2010, 1303-1340
  • James, L. F., Lijoi, A. and Pruenster, I., "Distributions of Functionals of the Two Parameter Poisson-dirichlet Process", Annals of Applied Probability, 18, 2008, 521-551
  • James, L. F., Roynette, B., and Yor, M., "Generalized Gamma Convolutions, Dirichlet Means, Thorin Measures, with Explicit Examples", Probability Surveys, 5, 2008, 346-415
  • James, L. F., "Poisson Calculus for Spatial Neutral to the Right Processes", Annals of Statistics, 34, 2006, 416-440
  • James, L. F., "Bayesian Poisson Process Partition Calculus with an Application to Bayesian Levy Moving Averages", Annals of Statistics, 33, 2005, 1771-1799
  • Ishwaran, H., and James, L. F., "Generalized Weighted Chinese Restaurant Processes for Species Sampling Mixture Models", Statistica Sinica, 13, 2003, 1211-1235
  • Ishwaran, H., and James, L. F., "Gibbs Sampling Methods for Stick-breaking Priors", Journal of the American Statistical Association, 96, 453, 2001, 161-173
  • James, L. F., Priebe, C. E., and Marchette, D. J., "Consistent Estimation of Mixture Complexity", Annals of Statistics, 29, 2001, 1281-1296


  • Convenor, University Taskforce on Financial Engineering Spring 2009-Fall 2011
  • Member, University Taskforce on Financial Engineering Fall 2011-present
  • Chair, Hiring Committee for Statistics Group, Dept of ISOM 2008-2009; 2010-2011
  • Member, Department Promotion and Tenure Committee Fall 2007-present
  • Chair, Search and Appointments Committee (Statistics), Fall 2011-present
  • Member of Taskforce on new building for the School of Business and Management Spring 2006-present
  • Member, School Appointments and Substantiation Committee (SASC), Fall 2008-2010
  • Member School of Business and Management Research Committee. Fall 2005-present


  • Bayesian statistics
  • Missing data models
  • Resampling methods
  • MCMC and SIS Monte-Carlo procedures
  • Random partition models
  • Random measures


  • Elected Fellow, Institute of Mathematical Statistics (IMS), 2008
  • Elected Member, International Statistical Institute (ISI), 2006
  • Invited Panel Memebr of the National Science Foundation (NSF) Program in Statistics (USA)  2008
  • Chair, Institute of Mathematical Statistics Membership Committee 2006-2007
  • Runner-up for The Franklin Prize for Teaching Excellence, HKUST Business School, 2002
  • Associate Editor of Statistics and Probability Letters 2008-2010
  • Invited Speaker Stochastics Meeting Lunteren 2007. Annual Meeting of Dutch Statisticians and Probabilists