Professor Nicholas Barberis, Stephen & Camille Schramm Professor of Finance at Yale School of Management will give the very first annual public lecture of the Woolley Centre in Tanaka Business School: ‘Behavioural Finance: What has it Achieved Thus Far, and where is it Headed?’
Abstract: The field of behavioural finance argues that some financial phenomena may be the result of irrational behaviour on the part of some market participants. Behavioural approaches have been used to study the pricing of financial assets, the portfolio and trading behaviour of individual investors, as well as aspects of corporate finance. While the field has been making steady progress for at least two decades, the past ten years have been particularly active. In his talk, Nicholas Barberis will review some of the new work in this area, and argue that the field has advanced our understanding of financial markets. He also speculates about the future course of research in this area.
Biography: Nicholas Barberis is one of the best-known researchers in the field of behavioural finance. Winner of the Paul A. Samuelson Prize for outstanding research, the FAME Research Prize, as well as multiple teaching awards and other honours, he is the Stephen and Camille Schramm Professor of Finance at the Yale School of Management. Educated at Cambridge University, he earned his Ph.D. in Business Economics from Harvard. Prior to his appointment at Yale, he taught for several years at the University of Chicago’s Graduate School of Business. Along with authoring numerous research papers for scholarly journals, he gives frequent talks to practitioner audiences about his work.
The lecture will be held on Thursday 8 March 2007 in the Tanaka Lower Ground Lecture Theatre at 18.00 and is open to all.
A drinks reception will follow the lecture. If you wish to attend this lecture, please contact Beatrix Vegh at b.vegh@imperial.ac.uk or 0207 594 0885