"Tim Bollerslev received his MSc in economics and mathematics in 1983 from the Aarhus University in Denmark.He continued his studies in the U.S., earning his Ph.D. in 1986 from the University of California at San Diego with a thesis titled "Generalized Autoregressive Conditional Heteroskedasticity with Applications in Finance" written under the supervision of Robert F. Engle (Nobel Prize in Economics winner in 2003).