Nobel Laureate William Sharpe "was one of the originators of the capital asset pricing model [and] created the Sharpe ratio for risk-adjusted investment performance analysis" (Wikipedia).
He is working on free "Retirement Income Scenarios" software to simulate spending strategies in retirement, in Scratch, much to my surprise. He explains
Why Scratch? as follows:
As indicated in the previous blog, I am developing a suite of software dealing with retirement income scenarios using the Scratch programming language. Those who know something about Scratch may consider this a strange choice. Here I'll try to show why I consider it well suited for this project.
I have been writing computer programs for over fifty years. My PhD dissertation included (in addition to an early version of the Capital Asset Pricing Model) the description of an algorithm for solving a special class of portfolio optimization problems and a program for implementing it. Since then I have written programs in a variety of languages. I published the first commercial book on the BASIC language and wrote an interpretive compiler to implement it when I was at the University of Washington. For my own research I now use Matlab, a scientific programming language. For years I used the standard Matlab constructs but now rely on the more recently added object-oriented capabilities. I love to program – there is much gratification when a program does what you intended it to do -- more than enough to offset the frustration when it doesn't.
I also feel very strongly that everyone should be exposed to programming as part of the curriculum in Junior High School and/or High School. The benefits are many. Students can learn to think logically, divide complex tasks into a series of sub-tasks, test ideas rigorously, and explore aspects of mathematics, statistics and many other fields by doing experiments. They can also gain a deeper understanding of the ways in which computers, tablets, phones, televisions, movies and many things we encounter in our daily lives do what they do. Most people now spend hours every day interacting with technology but in an important sense they are interacting with programs. One hears “the computer did such and so” but it would be more accurate to say that a program made the computer do it.
Most important, as the Scratch team emphasizes, one can experiment and be creative when writing programs – far more so than when using programs written by others.
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