International Behavioral Economics and Finance Association at Brandeis.
Behavioral Economics and Finance is about the drivers of financial
markets and the greater global economy. We help figure out why people
make the decisions they do, what makes them tick, and how to use human
behavior to succeed in business.
Contact us at jbradley@brandeis.edu or jfish@brandeis.edu
Behavioral Economics and Finance
Wednesday, December 31, 2014
Monday, February 3, 2014
First informal speaker series event of the semester with Professor Suderow this Wednesday 2/12
iBEAF is excited to announce the first event this semester in our informal speaker series, scheduled for Wednesday 2/12 at 12:30-1:30PM in the Alumni Common Room. In this informal speaker series we will be bringing in Brandeis University and IBS faculty members interested in behavioral economics and finance to talk about anything and everything to do with the subject. These events were very informative and fun last semester, so we are delighted to be continuing the series. The informal nature of these meetings means they will evolve based on your questions and areas of interest. The faculty member is interested in talking about what you wish to hear about.
Next up on our schedule is Professor Detlev Suderow, Senior Lecturer in the Brandeis University International Business School.
His specializations include International Strategic Human Resource Management, Organizational Behavior, Executive Coaching, and Leadership Traits.
Degrees:
Tufts University, M.A.
Brandeis University, B.A.
University of Zurich, Cert.
Detlev Suderow is the retired Senior Vice President of Human Resource
and Organization Effectiveness for FLIR Systems, Inc. FLIR is an
infrared technology company with global operations listed twice as one
of Business Week's 100 fastest growing companies. Prior to joining FLIR
Systems, Detlev Suderow served as Vice President of Human Resources for
Inframetrics, a fast growth, start up technology company.
Detlev is also the Managing Partner in ROA Partners, a global executive coaching and consulting practice, and continues to consult with corporate executives.
His career in high technology includes his role as the Human Resource Manager for CLARiiON, a highly successful entrepreneurial business division of Data General Corporation, and a 13 year career at Digital Equipment Corporation as H.R. Manager, Organizational Development Manager, and Training and Development Manager.
In addition, he has provided consulting services and executive coaching to both small entrepreneurial companies and Fortune 100 companies with global operations. Prior to his career in the private sector, Detlev Suderow was a teacher, college coach, and practicing psychologist.
Detlev is also the career advisor for the undergraduate business program, counsels graduate students at the International Business School, and serves on numerous Brandeis University committees and boards.
Next up on our schedule is Professor Detlev Suderow, Senior Lecturer in the Brandeis University International Business School.
His specializations include International Strategic Human Resource Management, Organizational Behavior, Executive Coaching, and Leadership Traits.
Degrees:
Tufts University, M.A.
Brandeis University, B.A.
University of Zurich, Cert.
Detlev is also the Managing Partner in ROA Partners, a global executive coaching and consulting practice, and continues to consult with corporate executives.
His career in high technology includes his role as the Human Resource Manager for CLARiiON, a highly successful entrepreneurial business division of Data General Corporation, and a 13 year career at Digital Equipment Corporation as H.R. Manager, Organizational Development Manager, and Training and Development Manager.
In addition, he has provided consulting services and executive coaching to both small entrepreneurial companies and Fortune 100 companies with global operations. Prior to his career in the private sector, Detlev Suderow was a teacher, college coach, and practicing psychologist.
Detlev is also the career advisor for the undergraduate business program, counsels graduate students at the International Business School, and serves on numerous Brandeis University committees and boards.
Wednesday, November 13, 2013
Third informal speaker series event with Professor Osler this Wednesday 11/20
iBEAF is excited to announce
the third event in our informal speaker series scheduled for Wednesday 11/20 at
12:30-1:30PM in the Chancellor's Suite, where we will be bringing in Brandeis
University and IBS faculty members interested in behavioral economics and
finance to talk about anything and everything to do with the subject. The
informal nature of these meetings means they will evolve based on your
questions and areas of interest. The faculty member is interested in talking
about what you wish to hear about.
Next up on our schedule is Professor Carol Osler, Professor of Finance in the Brandeis International Business School. In addition to being the Program Director for the MAief program she is also iBEAF’s faculty advisor. This meeting provides an excellent opportunity for students to meet Professor Osler on a more personal level and hear about why she is passionate about Behavioral Economics and Finance.
Her specializations include Currency Market Microstructure, Exchange Rate Dynamics, Financial Markets and Open Economy Macroeconomics.
Next up on our schedule is Professor Carol Osler, Professor of Finance in the Brandeis International Business School. In addition to being the Program Director for the MAief program she is also iBEAF’s faculty advisor. This meeting provides an excellent opportunity for students to meet Professor Osler on a more personal level and hear about why she is passionate about Behavioral Economics and Finance.
Her specializations include Currency Market Microstructure, Exchange Rate Dynamics, Financial Markets and Open Economy Macroeconomics.
Osler's research focuses on
currency trading and exchange rates, research that is best represented by her
recent survey of the literature. She has been fascinated by the market since
visiting Citibank's trading floor in 1986 and serving as Visiting Economist of
the Federal Reserve Bank of New York's Foreign Exchange Trading Desk in the
early 1990s.
The goal of currency market microstructure research is to develop better models of short-run exchange-rate dynamics, an effort to which Osler and co-authors have contributed. Current working papers provide a new theory of price discovery in currency markets, show that large foreign exchange dealing banks are better informed than small banks, and identify hedge funds as the main source of private information.
While working in the Federal Reserve Bank of New York's Research Department in the early 1990s, Osler noticed that bursting asset-price bubbles were dampening investment. This same pattern was bringing sluggish recovery from the 1991 recession not only in the U.S. but in many other developed countries. These observations led to joint papers with colleague Matthew Higgins on Asset Market Hangovers and Economic Growth.
While at the New York Fed, Osler also investigated technical trading. She tested specific trading signals such as the head-and-shoulders pattern and support and resistance levels. In addition, she identified order clustering as a potential source of the predictive power of certain strategies.
The goal of currency market microstructure research is to develop better models of short-run exchange-rate dynamics, an effort to which Osler and co-authors have contributed. Current working papers provide a new theory of price discovery in currency markets, show that large foreign exchange dealing banks are better informed than small banks, and identify hedge funds as the main source of private information.
While working in the Federal Reserve Bank of New York's Research Department in the early 1990s, Osler noticed that bursting asset-price bubbles were dampening investment. This same pattern was bringing sluggish recovery from the 1991 recession not only in the U.S. but in many other developed countries. These observations led to joint papers with colleague Matthew Higgins on Asset Market Hangovers and Economic Growth.
While at the New York Fed, Osler also investigated technical trading. She tested specific trading signals such as the head-and-shoulders pattern and support and resistance levels. In addition, she identified order clustering as a potential source of the predictive power of certain strategies.
She taught at the Amos Tuck
School of Business at Dartmouth College before joining the New York Fed. Osler
has also taught at Columbia University and the Kellogg School at Northwestern
University.
Degrees:
Princeton University, Ph.D.
Swarthmore College, B.A.
Her list of published works include, but is not limited to:
Degrees:
Princeton University, Ph.D.
Swarthmore College, B.A.
Her list of published works include, but is not limited to:
Osler, Carol L. "“The
Microstructure of Currency Markets,." Market Microstructure in Emerging
and Developed Markets,. Ed. Kent Baker and Halil Kiymaz, Eds.. John Wiley &
Sons, Inc., 2013 (forthcoming)
Osler, Carol L. "Survival
of Overconfidence in Currency Markets”." Journal of Financial and
Quantitative Analysis. (2011). (forthcoming)
Osler, Carol L. "Book
Review: The Exchange Rate in a Behavioral Finance Framework." Journal of
International Economics (2007). (forthcoming)
Osler, Carol L; Jennifer
Bender; David Simon. "Noise Trading and Illusory Correlations in U.S.
Equity Markets." Review of Finance 17. 2 (2013): 625-652.
Osler, Carol L.
"Asymmetric Information and the Foreign-Exchange Trades of Global
Custodial Banks." Sixth Annual Central Bank Workshop on the Microstructure
of Financial Markets, New York, New York. October 7, 2010.
Osler, Carol L. "Price
Discovery in Currency Markets." Journal of International Money and Finance
30. 8 (2011): 1696-1718.
Osler, Carol L.
"Liquidity Dynamics in Limit Order Markets Under Asymmetric
Information." Journal of Banking and Finance 34. 11 (2010): 2665-2677.
Osler,Carol L. "Currency
Orders and the Predictive Success of Technical Analysis." Journal of
Finance (2003).
Wednesday, November 6, 2013
Second informal speaker series event with Professor Ebert this Tuesday 11/12
iBEAF is excited to announce the second event in our informal speaker series, where we will be bringing in Brandeis University and IBS faculty members interested in behavioral economics and finance to talk about anything and everything to do with the subject. The first meeting was a smashing success all around, so we are delighted to be continuing the series. The informal nature of these meetings means they will evolve based on your questions and areas of interest. The faculty member is interested in talking about what you wish to hear about.
Next up on our schedule is Professor Jane Ebert, Assistant Professor of Marketing in the Brandeis International Business School.
Her specializations include Consumer judgment and decision-making, affect and emotion,
temporal discounting, and health promotion.
Her research examines in what ways people are (and can be) motivated by future concerns versus more immediate concerns. In one line of research she examines people’s pursuit of and focus on future rewards and goals. This includes understanding the motivation of rewards or goals that occur in the future (such as future monetary rewards or health goals), examining the impact of attention to future goals in challenging circumstances (such as the impact of maintaining a future focus for CEO successors in financially distressed firms), and exploring novel approaches to motivate consumers (such as identifying optimal times for interventions to change health behaviors). In a second line of research, on hedonic prediction, she examines when and why people mispredict their future feelings, and so may be mistaken about their future desires or goals. Her research has been published in the Journal of Consumer Research, Organizational Behavior and Human Decision Processes, Management Science, and the Journal of Personality and Social Psychology.
Degrees:
Ph.D. and M.A. in Social Psychology from Harvard University.
B.A. in Natural Sciences from Cambridge University in the United Kingdom.
Her list of published works include, but is not limited to:
Ebert, J.E.J. "The surprisingly low motivational power of future rewards: Comparing conventional money-based measures of discounting with motivation-based measures." Organizational Behavior and Human Decision Processes 111. (2010): 71-92.
Ebert, J.E.J., Gilbert, D.T., & Wilson, T.D. "Forecasting and backcasting: Predicting the impact of events on the future." Journal of Consumer Research 36. (2009): 353-366.
Cole, C.A., Laurent, G., Drolet, A, Ebert, J.E.J., Gutchess, A., Lambert-Pandraud, R., Mullet, E., Norton, M.I., Peters, E. "Decision Making and Brand Choice by Older Consumers." Marketing Letters 19. (2008): 355-365.
Ebert, J.E.J., & Prelec, D. "The fragility of time: Time-insensitivity and valuation of the near and far future." Management Science 53. (2007): 1423-1438.
Gilbert, D., & Ebert, J.E.J. "Decisions and revisions: The affective forecasting of changeable outcomes." Journal of Personality and Social Psychology 82. (2002): 503-514.
Ebert, J.E.J. "The role of cognitive resources in the valuation of near and far future events." Acta Psychologica 108. (2001): 155-71.
Tuesday, October 29, 2013
Launch of informal speaker series with a visit from Professor Nandy this coming Tuesday, 11/5
iBEAF is
excited to announce the launch of our informal speaker series, where we will be
bringing in Brandeis University and IBS faculty members interested in
behavioral economics and finance to talk about anything and everything to do
with the subject. The informal nature of these meetings means they will evolve
based on your questions and areas of interest. The faculty member is interested
in talking about what you wish to hear about.
First on our schedule is Professor Debarshi K. Nandi, Associate Professor of Finance in the Brandeis International Business School.
His specializations include Corporate Finance, Entrepreneurial Finance and Financial Intermediation, with specific interests in the going public decision of firms, IPOs, Venture Capital, Angel financing, Firm Productivity, Syndicated Loans and Hedge Funds.
Many of his research projects utilize establishment level business micro-data of the U.S. Census Bureau in analyzing issues that relate to value creation in firms while they are still private and also on the growth of entrepreneurship and new business creation. With regard to financial intermediation, his interests include issues related to loan syndication and contracting and agency problems in banking.
Degrees:
Boston College, Ph.D.
University of Calcutta, M.S.
His list of
published works include, but is not limited to:
"The
Going Public Decision and the Product Market." Review of Financial Studies
23. 5 (2010): 1855 - 1908.
How Bank
Regulation, Supervision and Lender Identity Impact Loan Pricing: A Summary.
Proc. of the Annual Conference on Bank Structure and Competition. Chicago,
Illinois: Federal Reserve Bank of Chicago, 2007.
"How
Bank Regulation and Lender Location Influence Loan Pricing." Journal of
Financial and Quantitative Analysis Vol. 6, December 2012. 47 (2012): 1247 -
1278.
Thursday, August 29, 2013
Some interesting behavioral economics and finance articles from the summer
What follows is a small sampling of articles the members of iBEAF have come across during the summer and found interesting for publishing in this platform.
57 Cognitive Biases That Screw Up How We Think
http://www.businessinsider.com/cognitive-biases-2013-8
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Yes, Credit Cards Are Making You a Bad Person
Dumber, fatter, poorer.
http://www.theatlantic.com/business/archive/2013/06/yes-credit-cards-are-making-you-a-bad-person/276777/
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http://www.theatlantic.com/business/archive/2013/06/yes-credit-cards-are-making-you-a-bad-person/276777/
---
Are Top Executives Paid Enough? An Evidence-Based Review
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2207600
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The 12 cognitive biases that prevent you from being rational
http://io9.com/5974468/the-most-common-cognitive-biases-that-prevent-you-from-being-rational
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What Do Traders in Emerging Markets Want? Just Ask Them
http://www.businessweek.com/articles/2013-08-13/what-do-traders-in-emerging-markets-want-just-ask-them#r=hpt-ls
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High-Stakes Decision Making: How Neuroscience Rescues Behavioral Finance
http://blogs.cfainstitute.org/investor/2013/07/23/high-stakes-decision-making-how-neuroscience-rescues-behavioral-finance/
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Behavioral Portfolio Management: An Alternative to Modern Portfolio Theory
http://blogs.cfainstitute.org/investor/2013/06/04/behavioral-portfolio-management-an-alternative-to-modern-portfolio-theory/
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