Financial Engineering

University of California, Berkeley

This is an archived copy of the 2014-15 guide. To access the most recent version of the guide, please visit http://guide.berkeley.edu/.

About the Program

The Berkeley Master of Financial Engineering (MFE) degree is a full-time, one-year graduate degree offered by the Haas School of Business. Students enrolled in the MFE Program learn to use theoretical finance, mathematics, and computer programming skills to make pricing, hedging, trading, and portfolio management decisions.

Graduates of the MFE Program find positions in commercial and investment banking, insurance and reinsurance, corporate treasuries, corporate strategy, and money management. Specializations include risk management, asset/liability modeling/optimization, security structuring, derivative valuation and trading, consulting, asset management, research, option-based securities valuation, special hedging, and real-option investment analysis.

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Admissions

Admission to the University

Uniform minimum requirements for admission

The following minimum requirements apply to all programs and will be verified by the Graduate Division:

  1. A bachelor’s degree or recognized equivalent from an accredited institution;
  2. A minimum grade-point average of B or better (3.0);
  3. If the applicant comes from a country or political entity (e.g. Quebec) where English is not the official language, adequate proficiency in English to do graduate work, as evidenced by a TOEFL score of at least 570 on the paper-and-pencil test, 230 on the computer-based test, 90 on the iBT test, or an IELTS Band score of at least 7 (note that individual programs may set higher levels for any of these); and
  4. Enough undergraduate training to do graduate work in the given field.

Applicants who already hold a graduate degree

The Graduate Council views academic degrees as evidence of broad research training, not as vocational training certificates; therefore, applicants who already have academic graduate degrees should be able to take up new subject matter on a serious level without undertaking a graduate program, unless the fields are completely dissimilar.

Programs may consider students for an additional academic master’s or professional master’s degree if the additional degree is in a distinctly different field.

Applicants admitted to a doctoral program that requires a master’s degree to be earned at Berkeley as a prerequisite (even though the applicant already has a master’s degree from another institution in the same or a closely allied field of study) will be permitted to undertake the second master’s degree, despite the overlap in field.

The Graduate Division will admit students for a second doctoral degree only if they meet the following guidelines:

  1. Applicants with doctoral degrees may be admitted for an additional doctoral degree only if that degree program is in a general area of knowledge distinctly different from the field in which they earned their original degree. For example, a physics PhD could be admitted to a doctoral degree program in music or history; however, a student with a doctoral degree in mathematics would not be permitted to add a PhD in statistics.
  2. Applicants who hold the PhD degree may be admitted to a professional doctorate or professional master’s degree program if there is no duplication of training involved.

Applicants may only apply to one single degree program or one concurrent degree program per admission cycle.

Any applicant who was previously registered at Berkeley as a graduate student, no matter how briefly, must apply for readmission, not admission, even if the new application is to a different program.

Required documents for admissions applications

  1. Transcripts:  Upload unofficial transcripts with the application for the departmental initial review. Official transcripts of all college-level work will be required if admitted. Official transcripts must be in sealed envelopes as issued by the school(s) you have attended. Request a current transcript from every post-secondary school that you have attended, including community colleges, summer sessions, and extension programs.
    If you have attended Berkeley, upload unofficial transcript with the application for the departmental initial review. Official transcript with evidence of degree conferral will not be required if admitted.
  2. Letters of recommendation: Applicants can request online letters of recommendation through the online application system. Hard copies of recommendation letters must be sent directly to the program, not the Graduate Division.
  3. Evidence of English language proficiency: All applicants from countries in which the official language is not English are required to submit official evidence of English language proficiency. This requirement applies to applicants from Bangladesh, Burma, Nepal, India, Pakistan, Latin America, the Middle East, the People’s Republic of China, Taiwan, Japan, Korea, Southeast Asia, and most European countries. However, applicants who, at the time of application, have already completed at least one year of full-time academic course work with grades of B or better at a U.S. university may submit an official transcript from the U.S. university to fulfill this requirement. The following courses will not fulfill this requirement: 1) courses in English as a Second Language, 2) courses conducted in a language other than English, 3) courses that will be completed after the application is submitted, and 4) courses of a non-academic nature. If applicants have previously been denied admission to Berkeley on the basis of their English language proficiency, they must submit new test scores that meet the current minimum from one of the standardized tests.

Master's Degree Requirements

Unit requirements: 28 units

Curriculum

MFE 230AInvestments and Derivatives3
MFE 230EEmpirical Methods in Finance2
MFE 230QIntroduction to Stochastic Calculus2
MFE 230DDerivatives: Quantitative Methods2
MFE 230IFixed Income Markets2,3
MFE 230VCredit Risk Modeling2
MFE 230HFinancial Risk Measurement and Management2
MFE 230OApplied Finance Project1-3
Select 28 units of electives from the following:28
Accounting and Taxation of Derivatives
Advanced Computational Finance
Success and Failure in Financial Innovation
Asset-Backed Security Markets
Equity and Currency Markets
Dynamic Asset Management
Optimization Models in Finance
Behavioral Finance
MFE 230L
Course Not Available
High Frequency Finance
Topics in Financial Engineering
Individually Supervised Study for Graduate Students

Research Resources

MFE Data Lab

Dedicated lab that includes the following resources:  Bloomberg terminals (2), Access to DataStream, Thompson Reuters, High Frequency trading server with NYSE TAQ data, Software: Matlab, SPSS, Mathematica, SAS, Visual Studio, EViews, OneTick software, WIND software, Rotman Interactive Trader, FactSet, WRDS

High Frequency Trading Lab Manager and Lab Manager

Two staff members to assist students with lab and technical needs

Business and Economics Library at the Haas School of Business

Access to  Financial Times, Wall Street Journal, and all library resources.

Professional Development Activities

  1. Extensive assistance with placement in internship and full-time positions
  2. Workshops on job search skills, e.g. cover letter/resume writing, interviewing
  3. Financial Practice Seminars with professionals who discuss career paths available, industry needs. Workshops on relevant skills, e.g. programming languages

For more information, visit our website .

Courses

Financial Engineering

MFE 230A Investments and Derivatives 3 Units

The course discusses the basic theories of asset pricing. It begins with the standard discounted cash flow analysis, and generalizes this approach to develop the No Arbitrage Pricing Technique for security valuation. Topics will be fixed income securities, derivatives, contingent claims, basic principles of optimal portfolio theory, models of equilibrium asset pricing, including CAPM and related Factor Models.

MFE 230D Derivatives: Quantitative Methods 2 Units

This course emphasizes the pricing of derivatives in continuous time, from the formulation of the pricing problem to the implementation of computational and numerical solution techniques.

MFE 230E Empirical Methods in Finance 2 Units

This course reviews probability and statistical techniques commonly used in quantitative finance. It includes a review of normal, lognormal, CEV distribution, estimation and nonparametric techniques commonly used in finance (MLE, GMM, GARCH). Students will be introduced to financial databases and estimation application software to estimate volatilities and correlations and their stability.

MFE 230F The Design of Securities for Corporate Financing 1 Unit

The view of corporate finance presented in this course stems from an analysis of two related issues: 1) how firms create value, and 2) how corporate finance facilitates the process of value creation. As part of this process, we will examine the factors that help determine financial strategy, thereby putting the design of financial packages in perspective. In particular, the course focuses on how corporate financing needs lead to the need for financial engineering and spur financial innovation.

MFE 230G Equity and Currency Markets 2 Units

This course reviews various aspects of equity and currency markets and their relative importance. It provides models of and historical evidence on the average returns and volatility of returns on equities, on the trade-to-trade equity price behavior, on trading volume and patterns, and primary financial risks. Determination of spot and forward rates and volatility, volume, high frequency dynamics and dealer behavior are examined.

MFE 230H Financial Risk Measurement and Management 2 Units

This course examines risk measurement and management including market risk, credit risk, liquidity risk, settlement risk, volatility risk, kurtosis risk and other types of financial risks. Topics will include risk management techniques for different types of contracts and portfolios such as duration, portfolio beta, factor sensitivities, VAR, dynamic portfolio analysis and extreme value analysis and other risk management techniques.

MFE 230I Fixed Income Markets 2 or 3 Units

This course provides a quantitative approach to fixed income securities and bond portfolio management. Topics include fixed income security markets, pricing and uses for portfolio management or for hedging interest rate risk, bond mathematics, term structure measurement and theory, immunization techniques, and the modern theory of bond pricing, and derivative instruments.

MFE 230J Success and Failure in Financial Innovation 1 Unit

Students will participate in a series of case studies illustrating some of the major successes and failures of modern financial innovation. They will learn how to measure success and failure and discuss case studies in portfolio insurance, long-term capital management, mortgage-backed securitization, and corporate enterprise-wide risk control.

MFE 230K Dynamic Asset Management 2 Units

This course reviews portfolio theory and pricing models. It includes: risk models for international portfolio returns, models of optimal allocation of funds, exchange rate uncertainty and criteria for judging the performance of managers and models; different types of portfolios/instruments, different types of applications, and strategies to achieve various investment objectives.

MFE 230M Asset-Backed Security Markets 2 Units

This course extends the study of fixed income securities to advanced topics on mortage and other asset-backed securities. Topics will include basic mechanics of structuring deals for mortgage-related securities, credit cards, leases, and other debt markets and the risk management techniques employed in the securitization process for these assets. The valuation of pooled assets and derivative bonds using Monte Carlo and option pricing techniques, and trading strategies are also evaluated.

MFE 230N Applied Finance Project 0.0 Units

Students will be required to complete an applied quantitative finance project that explores a quantitative finance problem that might be met in practice and involves the development or use of quantitative financial technique.

MFE 230O Applied Finance Project 1 - 3 Units

Students will be required to complete an applied quantitative finance project that explores a quantitative finance problem that might be met in practice and involves the development or use of quantitative financial technique.

MFE 230P Optimization Models in Finance 2 Units

This course proposes a guided tour through optimization models arising in practical finance. These problems include ones that are traditionally associated with optimization, including asset and liability management, asset pricing, and portfolio optimization. We also describe optimization models arising in model calibration, predication and estimation, and risk analysis. The course includes some recent approaches to the analysis of other kinds of financial data, such as text (financial news) data.

MFE 230Q Introduction to Stochastic Calculus 2 Units

The course introduces the students to techniques from stochastic analysis employed in mathematical finance. Topics include: stochastic processes, brownian motion, stochastic integral, differentials and Ito's formula; martingales.

MFE 230R Advanced Computational Finance 2 Units

This course builds on the techniques learned in 230D, Quantitative Methods for Derivative Pricing. The focus is to gain a deeper analysis of numerical and computational issues in pricing and calibration. The orientation of the course is hands-on, with heavy use of computational techniques applied to case projects. The primary objective of this course is to prepare students to tackle the latest challenges in quantitative pricing that they are likely to encounter in cutting-edge financial institutions.

MFE 230S Behavioral Finance 1 or 2 Units

Over the last 25 years, psychologists have come to better understand the processes by which people make judgements and decisions. They have identified common judgement and decision heuristics and the biases associated with these. An understanding of one's own decision biases and those of others is an important tool for managers. Behavioral Decision Theory has also contributed to our understanding of financial markets. This course will discuss the common biases and heuristics.

MFE 230T Topics in Financial Engineering 1 - 5 Units

Advanced study in the field of finance engineering that will address current and emerging issues. Topics will vary with each offering and will be announced at the beginning of each term.

MFE 230V Credit Risk Modeling 2 Units

Focuses on the techniques currently used to model credit risk. The course will cover default probabilities, loss given default, correlation, credit portfolio analytics, bond valuation, loan valuation, and credit derivative valuation. Emphasis will be placed on model building, model validation, and interpreting model output. Students will be required to do some high-level programming in a package such as Matlab. Some empirical testing exercises will also be part of the project work.

MFE 230VA Credit Risk: Economic Concepts 1 Unit

Introduction to credit risk modeling and conceptual overview of current techniques. Covers default probabilities, loss given default, correlation, credit portfolio analytics, bond valuation, loan valuation, and credit derivative valuation. Prepares students who are interested in a second course that will focus on model building. Students not interested in the technical details of modeling but who desire an understanding of how credit risk modeling is used in practice will benefit from taking this course.

MFE 230VB Credit Risk: Quantitative Modeling 1 Unit

Focuses on the techniques currently used to model credit risk. The course will cover default probabilities, loss given default, correlation, credit portfolio analytics, bond valuation, loan valuation, and credit derivative valuation. Emphasis will be placed on model building, model validation, and interpreting model output. Students will be required to do some high-level programming in a package such as MATLAB. Some empirical testing exercises will also be part of the project work.

MFE 230W Accounting and Taxation of Derivatives 1 Unit

This course provides a framework to allow students the understanding of the accounting and tax issues related to derivatives and hedging. It also fulfills the needs of students seeking jobs in the corporate sector and/or seeking securities-structuring assignments in the financial services sector. A basic understanding of financial accounting is required.

MFE 230X High Frequency Finance 1 or 2 Units

This course introduces basic concepts of high frequency finance and discusses recent developments in market microstructure, electronic trading, and high frequency data modeling. Topics include trading basics and price discovery, distributional properties of financial time series, tick data analysis, trade direction algorithms, trading benchmarks, sources of risk, and trading strategies (including back-testing challenges, benchmark and hedging strategies, and arbitrage and program trading).

MFE 293 Individually Supervised Study for Graduate Students 1 - 5 Units

Individually supervised study of subjects not available to students in the regular schedule, approved by faculty adviser as appropriate for the students' programs.

Faculty

Professors

Cameron Paul Anderson, Professor. Emotion, power and politics, negotiation and conflict resolution, groups and teams.
Research Profile

Severin Borenstein, Professor. Industrial organization, applied microeconomics, energy markets, electricity deregulation, airline competition, market pricing & competition.
Research Profile

Jennifer A. Chatman, Professor. Innovation, leading change, leveraging organizational culture, leadership assessment, team diversity.
Research Profile

Patricia M Dechow, PhD, Professor. Earnings quality, detecting earnings management, financial analysts, accounting information and capital markets.
Research Profile

Nicholas Economides, Professor.

Paul J. Gertler, Professor. Health economics, public health, health care financing, economic development, industrial organizaition.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Teck Hua Ho, Professor. Buyer feedback system, internet auctions, effects of group size in learning high-stake supply contracting internet, pricing models, monitoring and trust building, strategic teaching, reputation formation.
Research Profile

Ganesh Iyer, Professor. Coordination and contractual issues, distribution channels, supply chains retail competition, retailing institutions, internet institutions, competition markets for information and innovations.
Research Profile

Dwight Jaffee, Professor. Catastrophe insurance, real estate markets, real estate finance, financial institutions, lending activity, international trade, California economy.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Laura J Kray, Professor. Gender, negotiations, stereotypes, counterfactual thinking, meaning in life, fate attributions.
Research Profile

Jonathan Leonard, Professor. Labor economics, human resource management.
Research Profile

Martin Lettau, PhD, Professor.

David I. Levine, Professor. Economic development, labor and organizational economics.
Research Profile

Ross Levine, PhD, Professor.

Richard K. Lyons, Professor. Foreign exchange markets.
Research Profile

John Morgan, Professor. Pricing, strategy, e-commerce, experimental economics, entrepreneurship, surveys, polls, auctions.
Research Profile

Terrance T Odean, Professor. Behavioral finance, investor behavior, investor overconfidence, managerial overconfidence, market simulations.
Research Profile

Christine A Parlour, Professor.

Jose Plehn-Dujowich, Professor.

Andrew Rose, Professor. Banking, international trade patterns, contagion in currency crises, exchange rate, exchange crises in developing countries, exchange rate regimes.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Richard Sloan, Professor.

Richard H. Stanton, Professor. Mortgage markets, prepayment modeling, valuation, hedging, term structure modeling valuation of derivative securities, application of non-parametric estimation techniques, pricing of derivatives.
Research Profile

Toby Stuart, PhD, Professor.

Christopher S Tang, Professor.

David J. Teece, Professor. Innovation, telecommunications policy, competitive performance of firms in the global marketplace, organization of industry, technology policy, antitrust policy, energy policy.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

J. Miguel Villas-Boas, Professor. Economics, competitive strategy, industrial organization, customer relationship management, internet strategies.
Research Profile

Annette Vissing-Jorgensen, Professor.

David J. Vogel, Professor. American politics, business ethics, corporate social responsibility, environmental policy, business-government relations, comparative study of consumer and environmental regulation, trade and environment, risk regulation, European Union.
Research Profile

Nancy Wallace, Professor. Housing price indices, real estate price dynamics, mortgage valuation models: prepayment and default, mortgage contract design, mortgage backed security trading and valuation, executive stock option valuation, and energy efficient mortgage underwriting.
Research Profile

James A. Wilcox, Professor. Mergers, acquisitions, bank capital, effects of economic conditions on banks, business conditions, federal reserve monetary policy, interest rates, inflation, consumer spending, cost reductions via mergers, bank lending, small business lending, unemployment.
Research Profile

Catherine D. Wolfram, Professor. Climate change, energy efficiency, regulation of business, energy and environmental markets.
Research Profile

Associate Professors

Lucas Davis, PhD, Associate Professor.

Rui J. De Figueiredo, Associate Professor. American politics, game theory, formal theory, political institutions, bureaucratic behavior, political behavior, interest groups, methodology.
Research Profile

Nicolae Garleanu, PhD, Associate Professor.

Terrence John Hendershott, Associate Professor. Management of information systems, role of information technology in financial markets, after-hours stock trading, electronic communications networks (ECNs), electronic markets.
Research Profile

Dmitry Livdan, Associate Professor.

Gustavo Manso, Associate Professor.

Don Moore, PhD, Associate Professor. Negotiation, judgment and decision making, Overconfidence, biases, forecasting.
Research Profile

Christine Rosen, Associate Professor. American business history, history of pollution regulation, corporate environmental management industrial ecology, new developments in corporate environmental management.
Research Profile

Steven Tadelis, Associate Professor. Business, contract theory, game theory, economics of organization, procurement contracting, theory of the firm and industrial organization.
Research Profile

Terry Taylor, Associate Professor. Supply chain management, economics of operations management, social responsibility in operations management, marketing-operations interface.
Research Profile

Johan Walden, Associate Professor. Capital markets, networks, asset pricing, heavy-tailed risks.
Research Profile

Xiao-Jun Zhang, Associate Professor. Financial statement analysis, financial accounting theory, international accounting.
Research Profile

Assistant Professors

Ned Augenblick, PhD, Assistant Professor.

Aaron Bodoh-Creed, PhD, Assistant Professor.

Victor Couture, PhD, Assistant Professor.

Clayton R. Critcher, PhD, Assistant Professor. Political psychology, judgment and decision making, moral psychology, self and social insight.
Research Profile

Pnina Feldman, Assistant Professor. Pricing, Operations Management models incorporating strategic consumer behavior, operations - marketing interface.
Research Profile

William Martin Fuchs, PhD, Assistant Professor. Bargaining, Contracting with limited enforcement, Private Monitoring, dynamics.
Research Profile

Andreea D Gorbatai, Assistant Professor.

Brett S Green, PhD, Assistant Professor.

Jose A Guajardo, Assistant Professor.

Ming Hsu, Assistant Professor. Cognitive neuroscience, experimental economics, behavioral economics, neuroeconomics.
Research Profile

Przemyslaw Jeziorski, Assistant Professor.

Yuichiro Kamada, Assistant Professor.

Amir Kermani, PhD, Assistant Professor.

Yaniv Konchitchki, Assistant Professor. Financial accounting, capital markets, valuation, inflation, financial statement analysis, asset pricing, cost of capital, GDP.
Research Profile

Alastair Lawrence, Dphil, Assistant Professor. Financial Disclosure.
Research Profile

Ming D. Leung, PhD, Assistant Professor.

Adair Morse, Assistant Professor.

Alexander A Nezlobin, Assistant Professor.

Marcus M. Opp, Assistant Professor. Corporate finance, international finance, financial intermediation.
Research Profile

Christopher J Palmer, Assistant Professor.

Minjung Park, Assistant Professor.

Panos N. Patatoukas, PhD, Assistant Professor. Finance, accounting, financial statement analysis, market efficiency, supply-chain collaboration.
Research Profile

Jo-Ellen Pozner, Assistant Professor. Ethics, social movements, corporate governance, organizational theory, organizational legitimacy, institutional theory, organizational ecology, organizational misconduct.
Research Profile

Sameer B Srivastava, PhD, Assistant Professor.

Alexei Tchistyi, Assistant Professor.

Noam Yuchtman, PhD, Assistant Professor.

Adjunct Faculty

Paul Jansen, Adjunct Faculty.

Kellie Ann Mcelhaney, Adjunct Faculty. Corporate social responsibility, best practices, corporate responsibility strategy maximization, outcomes and metrics of corporate social responsibility, initiatives on stakeholders, cases of corporate responsibility, experiential learning.
Research Profile

Kristiana Raube, Adjunct Faculty. Quality of healthcare, access to healthcare, maternal and child health.
Research Profile

Domingo Tavella, Adjunct Faculty. Financial engineering, computational finance, derivatives pricing, risk management.
Research Profile

Felix Vardy, Adjunct Faculty.

Jane C. Wei, Adjunct Faculty.

Lecturers

Wasim Azhar, Lecturer.

Homa Bahrami, Lecturer.

Sara Beckman, Lecturer. Business, innovation, management, product development, operations strategy, environmental supply chain management.
Research Profile

Rada Y Brooks, Lecturer.

David Charron, Lecturer.

John Danner, JD Ma MPH, Lecturer.

Timothy M Dayonot, Lecturer.

Stephen W Etter, Lecturer.

Jack Fuchs, Lecturer.

Peter D. Goodson, Lecturer.

Richard Grant, Lecturer.

Ms. Lynne Lamarca Heinrich, Lecturer.

Daniel A Himelstein, Lecturer.

Reza Moazzami, Lecturer.

Sam Olesky, Lecturer.

Jack Phillips, Lecturer.

Mark A. Rittenberg, EdD, Lecturer.

Holly A Schroth, Lecturer.

Frank Schultz, PhD, Lecturer.

Francis V Stanton, Lecturer.

Sarah Catherine Tasker, Lecturer. Financial analysis, investor communication in the technology sector.
Research Profile

Peter L. Thigpen, Lecturer.

Paul Tiffany, Lecturer.

Steven A. Wood, Lecturer.

Professors

Cameron Paul Anderson, Professor. Emotion, power and politics, negotiation and conflict resolution, groups and teams.
Research Profile

Severin Borenstein, Professor. Industrial organization, applied microeconomics, energy markets, electricity deregulation, airline competition, market pricing & competition.
Research Profile

Jennifer A. Chatman, Professor. Innovation, leading change, leveraging organizational culture, leadership assessment, team diversity.
Research Profile

Patricia M Dechow, PhD, Professor. Earnings quality, detecting earnings management, financial analysts, accounting information and capital markets.
Research Profile

Nicholas Economides, Professor.

Paul J. Gertler, Professor. Health economics, public health, health care financing, economic development, industrial organizaition.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Teck Hua Ho, Professor. Buyer feedback system, internet auctions, effects of group size in learning high-stake supply contracting internet, pricing models, monitoring and trust building, strategic teaching, reputation formation.
Research Profile

Ganesh Iyer, Professor. Coordination and contractual issues, distribution channels, supply chains retail competition, retailing institutions, internet institutions, competition markets for information and innovations.
Research Profile

Dwight Jaffee, Professor. Catastrophe insurance, real estate markets, real estate finance, financial institutions, lending activity, international trade, California economy.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Laura J Kray, Professor. Gender, negotiations, stereotypes, counterfactual thinking, meaning in life, fate attributions.
Research Profile

Jonathan Leonard, Professor. Labor economics, human resource management.
Research Profile

Martin Lettau, PhD, Professor.

David I. Levine, Professor. Economic development, labor and organizational economics.
Research Profile

Ross Levine, PhD, Professor.

Richard K. Lyons, Professor. Foreign exchange markets.
Research Profile

John Morgan, Professor. Pricing, strategy, e-commerce, experimental economics, entrepreneurship, surveys, polls, auctions.
Research Profile

Terrance T Odean, Professor. Behavioral finance, investor behavior, investor overconfidence, managerial overconfidence, market simulations.
Research Profile

Christine A Parlour, Professor.

Jose Plehn-Dujowich, Professor.

Andrew Rose, Professor. Banking, international trade patterns, contagion in currency crises, exchange rate, exchange crises in developing countries, exchange rate regimes.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Richard Sloan, Professor.

Richard H. Stanton, Professor. Mortgage markets, prepayment modeling, valuation, hedging, term structure modeling valuation of derivative securities, application of non-parametric estimation techniques, pricing of derivatives.
Research Profile

Toby Stuart, PhD, Professor.

Christopher S Tang, Professor.

David J. Teece, Professor. Innovation, telecommunications policy, competitive performance of firms in the global marketplace, organization of industry, technology policy, antitrust policy, energy policy.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

J. Miguel Villas-Boas, Professor. Economics, competitive strategy, industrial organization, customer relationship management, internet strategies.
Research Profile

Annette Vissing-Jorgensen, Professor.

David J. Vogel, Professor. American politics, business ethics, corporate social responsibility, environmental policy, business-government relations, comparative study of consumer and environmental regulation, trade and environment, risk regulation, European Union.
Research Profile

Nancy Wallace, Professor. Housing price indices, real estate price dynamics, mortgage valuation models: prepayment and default, mortgage contract design, mortgage backed security trading and valuation, executive stock option valuation, and energy efficient mortgage underwriting.
Research Profile

James A. Wilcox, Professor. Mergers, acquisitions, bank capital, effects of economic conditions on banks, business conditions, federal reserve monetary policy, interest rates, inflation, consumer spending, cost reductions via mergers, bank lending, small business lending, unemployment.
Research Profile

Catherine D. Wolfram, Professor. Climate change, energy efficiency, regulation of business, energy and environmental markets.
Research Profile

Associate Professors

Lucas Davis, PhD, Associate Professor.

Rui J. De Figueiredo, Associate Professor. American politics, game theory, formal theory, political institutions, bureaucratic behavior, political behavior, interest groups, methodology.
Research Profile

Nicolae Garleanu, PhD, Associate Professor.

Terrence John Hendershott, Associate Professor. Management of information systems, role of information technology in financial markets, after-hours stock trading, electronic communications networks (ECNs), electronic markets.
Research Profile

Dmitry Livdan, Associate Professor.

Gustavo Manso, Associate Professor.

Don Moore, PhD, Associate Professor. Negotiation, judgment and decision making, Overconfidence, biases, forecasting.
Research Profile

Christine Rosen, Associate Professor. American business history, history of pollution regulation, corporate environmental management industrial ecology, new developments in corporate environmental management.
Research Profile

Steven Tadelis, Associate Professor. Business, contract theory, game theory, economics of organization, procurement contracting, theory of the firm and industrial organization.
Research Profile

Terry Taylor, Associate Professor. Supply chain management, economics of operations management, social responsibility in operations management, marketing-operations interface.
Research Profile

Johan Walden, Associate Professor. Capital markets, networks, asset pricing, heavy-tailed risks.
Research Profile

Xiao-Jun Zhang, Associate Professor. Financial statement analysis, financial accounting theory, international accounting.
Research Profile

Assistant Professors

Ned Augenblick, PhD, Assistant Professor.

Aaron Bodoh-Creed, PhD, Assistant Professor.

Victor Couture, PhD, Assistant Professor.

Clayton R. Critcher, PhD, Assistant Professor. Political psychology, judgment and decision making, moral psychology, self and social insight.
Research Profile

Pnina Feldman, Assistant Professor. Pricing, Operations Management models incorporating strategic consumer behavior, operations - marketing interface.
Research Profile

William Martin Fuchs, PhD, Assistant Professor. Bargaining, Contracting with limited enforcement, Private Monitoring, dynamics.
Research Profile

Andreea D Gorbatai, Assistant Professor.

Brett S Green, PhD, Assistant Professor.

Jose A Guajardo, Assistant Professor.

Ming Hsu, Assistant Professor. Cognitive neuroscience, experimental economics, behavioral economics, neuroeconomics.
Research Profile

Przemyslaw Jeziorski, Assistant Professor.

Yuichiro Kamada, Assistant Professor.

Amir Kermani, PhD, Assistant Professor.

Yaniv Konchitchki, Assistant Professor. Financial accounting, capital markets, valuation, inflation, financial statement analysis, asset pricing, cost of capital, GDP.
Research Profile

Alastair Lawrence, Dphil, Assistant Professor. Financial Disclosure.
Research Profile

Ming D. Leung, PhD, Assistant Professor.

Adair Morse, Assistant Professor.

Alexander A Nezlobin, Assistant Professor.

Marcus M. Opp, Assistant Professor. Corporate finance, international finance, financial intermediation.
Research Profile

Christopher J Palmer, Assistant Professor.

Minjung Park, Assistant Professor.

Panos N. Patatoukas, PhD, Assistant Professor. Finance, accounting, financial statement analysis, market efficiency, supply-chain collaboration.
Research Profile

Jo-Ellen Pozner, Assistant Professor. Ethics, social movements, corporate governance, organizational theory, organizational legitimacy, institutional theory, organizational ecology, organizational misconduct.
Research Profile

Sameer B Srivastava, PhD, Assistant Professor.

Alexei Tchistyi, Assistant Professor.

Noam Yuchtman, PhD, Assistant Professor.

Adjunct Faculty

Paul Jansen, Adjunct Faculty.

Kellie Ann Mcelhaney, Adjunct Faculty. Corporate social responsibility, best practices, corporate responsibility strategy maximization, outcomes and metrics of corporate social responsibility, initiatives on stakeholders, cases of corporate responsibility, experiential learning.
Research Profile

Kristiana Raube, Adjunct Faculty. Quality of healthcare, access to healthcare, maternal and child health.
Research Profile

Domingo Tavella, Adjunct Faculty. Financial engineering, computational finance, derivatives pricing, risk management.
Research Profile

Felix Vardy, Adjunct Faculty.

Jane C. Wei, Adjunct Faculty.

Lecturers

Wasim Azhar, Lecturer.

Homa Bahrami, Lecturer.

Sara Beckman, Lecturer. Business, innovation, management, product development, operations strategy, environmental supply chain management.
Research Profile

Rada Y Brooks, Lecturer.

David Charron, Lecturer.

John Danner, JD Ma MPH, Lecturer.

Timothy M Dayonot, Lecturer.

Stephen W Etter, Lecturer.

Jack Fuchs, Lecturer.

Peter D. Goodson, Lecturer.

Richard Grant, Lecturer.

Ms. Lynne Lamarca Heinrich, Lecturer.

Daniel A Himelstein, Lecturer.

Reza Moazzami, Lecturer.

Sam Olesky, Lecturer.

Jack Phillips, Lecturer.

Mark A. Rittenberg, EdD, Lecturer.

Holly A Schroth, Lecturer.

Frank Schultz, PhD, Lecturer.

Francis V Stanton, Lecturer.

Sarah Catherine Tasker, Lecturer. Financial analysis, investor communication in the technology sector.
Research Profile

Peter L. Thigpen, Lecturer.

Paul Tiffany, Lecturer.

Steven A. Wood, Lecturer.

Professors

Cameron Paul Anderson, Professor. Emotion, power and politics, negotiation and conflict resolution, groups and teams.
Research Profile

Severin Borenstein, Professor. Industrial organization, applied microeconomics, energy markets, electricity deregulation, airline competition, market pricing & competition.
Research Profile

Jennifer A. Chatman, Professor. Innovation, leading change, leveraging organizational culture, leadership assessment, team diversity.
Research Profile

Patricia M Dechow, PhD, Professor. Earnings quality, detecting earnings management, financial analysts, accounting information and capital markets.
Research Profile

Nicholas Economides, Professor.

Paul J. Gertler, Professor. Health economics, public health, health care financing, economic development, industrial organizaition.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Teck Hua Ho, Professor. Buyer feedback system, internet auctions, effects of group size in learning high-stake supply contracting internet, pricing models, monitoring and trust building, strategic teaching, reputation formation.
Research Profile

Ganesh Iyer, Professor. Coordination and contractual issues, distribution channels, supply chains retail competition, retailing institutions, internet institutions, competition markets for information and innovations.
Research Profile

Dwight Jaffee, Professor. Catastrophe insurance, real estate markets, real estate finance, financial institutions, lending activity, international trade, California economy.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Laura J Kray, Professor. Gender, negotiations, stereotypes, counterfactual thinking, meaning in life, fate attributions.
Research Profile

Jonathan Leonard, Professor. Labor economics, human resource management.
Research Profile

Martin Lettau, PhD, Professor.

David I. Levine, Professor. Economic development, labor and organizational economics.
Research Profile

Ross Levine, PhD, Professor.

Richard K. Lyons, Professor. Foreign exchange markets.
Research Profile

John Morgan, Professor. Pricing, strategy, e-commerce, experimental economics, entrepreneurship, surveys, polls, auctions.
Research Profile

Terrance T Odean, Professor. Behavioral finance, investor behavior, investor overconfidence, managerial overconfidence, market simulations.
Research Profile

Christine A Parlour, Professor.

Jose Plehn-Dujowich, Professor.

Andrew Rose, Professor. Banking, international trade patterns, contagion in currency crises, exchange rate, exchange crises in developing countries, exchange rate regimes.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Richard Sloan, Professor.

Richard H. Stanton, Professor. Mortgage markets, prepayment modeling, valuation, hedging, term structure modeling valuation of derivative securities, application of non-parametric estimation techniques, pricing of derivatives.
Research Profile

Toby Stuart, PhD, Professor.

Christopher S Tang, Professor.

David J. Teece, Professor. Innovation, telecommunications policy, competitive performance of firms in the global marketplace, organization of industry, technology policy, antitrust policy, energy policy.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

J. Miguel Villas-Boas, Professor. Economics, competitive strategy, industrial organization, customer relationship management, internet strategies.
Research Profile

Annette Vissing-Jorgensen, Professor.

David J. Vogel, Professor. American politics, business ethics, corporate social responsibility, environmental policy, business-government relations, comparative study of consumer and environmental regulation, trade and environment, risk regulation, European Union.
Research Profile

Nancy Wallace, Professor. Housing price indices, real estate price dynamics, mortgage valuation models: prepayment and default, mortgage contract design, mortgage backed security trading and valuation, executive stock option valuation, and energy efficient mortgage underwriting.
Research Profile

James A. Wilcox, Professor. Mergers, acquisitions, bank capital, effects of economic conditions on banks, business conditions, federal reserve monetary policy, interest rates, inflation, consumer spending, cost reductions via mergers, bank lending, small business lending, unemployment.
Research Profile

Catherine D. Wolfram, Professor. Climate change, energy efficiency, regulation of business, energy and environmental markets.
Research Profile

Associate Professors

Lucas Davis, PhD, Associate Professor.

Rui J. De Figueiredo, Associate Professor. American politics, game theory, formal theory, political institutions, bureaucratic behavior, political behavior, interest groups, methodology.
Research Profile

Nicolae Garleanu, PhD, Associate Professor.

Terrence John Hendershott, Associate Professor. Management of information systems, role of information technology in financial markets, after-hours stock trading, electronic communications networks (ECNs), electronic markets.
Research Profile

Dmitry Livdan, Associate Professor.

Gustavo Manso, Associate Professor.

Don Moore, PhD, Associate Professor. Negotiation, judgment and decision making, Overconfidence, biases, forecasting.
Research Profile

Christine Rosen, Associate Professor. American business history, history of pollution regulation, corporate environmental management industrial ecology, new developments in corporate environmental management.
Research Profile

Steven Tadelis, Associate Professor. Business, contract theory, game theory, economics of organization, procurement contracting, theory of the firm and industrial organization.
Research Profile

Terry Taylor, Associate Professor. Supply chain management, economics of operations management, social responsibility in operations management, marketing-operations interface.
Research Profile

Johan Walden, Associate Professor. Capital markets, networks, asset pricing, heavy-tailed risks.
Research Profile

Xiao-Jun Zhang, Associate Professor. Financial statement analysis, financial accounting theory, international accounting.
Research Profile

Assistant Professors

Ned Augenblick, PhD, Assistant Professor.

Aaron Bodoh-Creed, PhD, Assistant Professor.

Victor Couture, PhD, Assistant Professor.

Clayton R. Critcher, PhD, Assistant Professor. Political psychology, judgment and decision making, moral psychology, self and social insight.
Research Profile

Pnina Feldman, Assistant Professor. Pricing, Operations Management models incorporating strategic consumer behavior, operations - marketing interface.
Research Profile

William Martin Fuchs, PhD, Assistant Professor. Bargaining, Contracting with limited enforcement, Private Monitoring, dynamics.
Research Profile

Andreea D Gorbatai, Assistant Professor.

Brett S Green, PhD, Assistant Professor.

Jose A Guajardo, Assistant Professor.

Ming Hsu, Assistant Professor. Cognitive neuroscience, experimental economics, behavioral economics, neuroeconomics.
Research Profile

Przemyslaw Jeziorski, Assistant Professor.

Yuichiro Kamada, Assistant Professor.

Amir Kermani, PhD, Assistant Professor.

Yaniv Konchitchki, Assistant Professor. Financial accounting, capital markets, valuation, inflation, financial statement analysis, asset pricing, cost of capital, GDP.
Research Profile

Alastair Lawrence, Dphil, Assistant Professor. Financial Disclosure.
Research Profile

Ming D. Leung, PhD, Assistant Professor.

Adair Morse, Assistant Professor.

Alexander A Nezlobin, Assistant Professor.

Marcus M. Opp, Assistant Professor. Corporate finance, international finance, financial intermediation.
Research Profile

Christopher J Palmer, Assistant Professor.

Minjung Park, Assistant Professor.

Panos N. Patatoukas, PhD, Assistant Professor. Finance, accounting, financial statement analysis, market efficiency, supply-chain collaboration.
Research Profile

Jo-Ellen Pozner, Assistant Professor. Ethics, social movements, corporate governance, organizational theory, organizational legitimacy, institutional theory, organizational ecology, organizational misconduct.
Research Profile

Sameer B Srivastava, PhD, Assistant Professor.

Alexei Tchistyi, Assistant Professor.

Noam Yuchtman, PhD, Assistant Professor.

Adjunct Faculty

Paul Jansen, Adjunct Faculty.

Kellie Ann Mcelhaney, Adjunct Faculty. Corporate social responsibility, best practices, corporate responsibility strategy maximization, outcomes and metrics of corporate social responsibility, initiatives on stakeholders, cases of corporate responsibility, experiential learning.
Research Profile

Kristiana Raube, Adjunct Faculty. Quality of healthcare, access to healthcare, maternal and child health.
Research Profile

Domingo Tavella, Adjunct Faculty. Financial engineering, computational finance, derivatives pricing, risk management.
Research Profile

Felix Vardy, Adjunct Faculty.

Jane C. Wei, Adjunct Faculty.

Lecturers

Wasim Azhar, Lecturer.

Homa Bahrami, Lecturer.

Sara Beckman, Lecturer. Business, innovation, management, product development, operations strategy, environmental supply chain management.
Research Profile

Rada Y Brooks, Lecturer.

David Charron, Lecturer.

John Danner, JD Ma MPH, Lecturer.

Timothy M Dayonot, Lecturer.

Stephen W Etter, Lecturer.

Jack Fuchs, Lecturer.

Peter D. Goodson, Lecturer.

Richard Grant, Lecturer.

Ms. Lynne Lamarca Heinrich, Lecturer.

Daniel A Himelstein, Lecturer.

Reza Moazzami, Lecturer.

Sam Olesky, Lecturer.

Jack Phillips, Lecturer.

Mark A. Rittenberg, EdD, Lecturer.

Holly A Schroth, Lecturer.

Frank Schultz, PhD, Lecturer.

Francis V Stanton, Lecturer.

Sarah Catherine Tasker, Lecturer. Financial analysis, investor communication in the technology sector.
Research Profile

Peter L. Thigpen, Lecturer.

Paul Tiffany, Lecturer.

Steven A. Wood, Lecturer.

Professors

Cameron Paul Anderson, Professor. Emotion, power and politics, negotiation and conflict resolution, groups and teams.
Research Profile

Severin Borenstein, Professor. Industrial organization, applied microeconomics, energy markets, electricity deregulation, airline competition, market pricing & competition.
Research Profile

Jennifer A. Chatman, Professor. Innovation, leading change, leveraging organizational culture, leadership assessment, team diversity.
Research Profile

Patricia M Dechow, PhD, Professor. Earnings quality, detecting earnings management, financial analysts, accounting information and capital markets.
Research Profile

Nicholas Economides, Professor.

Paul J. Gertler, Professor. Health economics, public health, health care financing, economic development, industrial organizaition.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Teck Hua Ho, Professor. Buyer feedback system, internet auctions, effects of group size in learning high-stake supply contracting internet, pricing models, monitoring and trust building, strategic teaching, reputation formation.
Research Profile

Ganesh Iyer, Professor. Coordination and contractual issues, distribution channels, supply chains retail competition, retailing institutions, internet institutions, competition markets for information and innovations.
Research Profile

Dwight Jaffee, Professor. Catastrophe insurance, real estate markets, real estate finance, financial institutions, lending activity, international trade, California economy.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Laura J Kray, Professor. Gender, negotiations, stereotypes, counterfactual thinking, meaning in life, fate attributions.
Research Profile

Jonathan Leonard, Professor. Labor economics, human resource management.
Research Profile

Martin Lettau, PhD, Professor.

David I. Levine, Professor. Economic development, labor and organizational economics.
Research Profile

Ross Levine, PhD, Professor.

Richard K. Lyons, Professor. Foreign exchange markets.
Research Profile

John Morgan, Professor. Pricing, strategy, e-commerce, experimental economics, entrepreneurship, surveys, polls, auctions.
Research Profile

Terrance T Odean, Professor. Behavioral finance, investor behavior, investor overconfidence, managerial overconfidence, market simulations.
Research Profile

Christine A Parlour, Professor.

Jose Plehn-Dujowich, Professor.

Andrew Rose, Professor. Banking, international trade patterns, contagion in currency crises, exchange rate, exchange crises in developing countries, exchange rate regimes.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Richard Sloan, Professor.

Richard H. Stanton, Professor. Mortgage markets, prepayment modeling, valuation, hedging, term structure modeling valuation of derivative securities, application of non-parametric estimation techniques, pricing of derivatives.
Research Profile

Toby Stuart, PhD, Professor.

Christopher S Tang, Professor.

David J. Teece, Professor. Innovation, telecommunications policy, competitive performance of firms in the global marketplace, organization of industry, technology policy, antitrust policy, energy policy.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

J. Miguel Villas-Boas, Professor. Economics, competitive strategy, industrial organization, customer relationship management, internet strategies.
Research Profile

Annette Vissing-Jorgensen, Professor.

David J. Vogel, Professor. American politics, business ethics, corporate social responsibility, environmental policy, business-government relations, comparative study of consumer and environmental regulation, trade and environment, risk regulation, European Union.
Research Profile

Nancy Wallace, Professor. Housing price indices, real estate price dynamics, mortgage valuation models: prepayment and default, mortgage contract design, mortgage backed security trading and valuation, executive stock option valuation, and energy efficient mortgage underwriting.
Research Profile

James A. Wilcox, Professor. Mergers, acquisitions, bank capital, effects of economic conditions on banks, business conditions, federal reserve monetary policy, interest rates, inflation, consumer spending, cost reductions via mergers, bank lending, small business lending, unemployment.
Research Profile

Catherine D. Wolfram, Professor. Climate change, energy efficiency, regulation of business, energy and environmental markets.
Research Profile

Associate Professors

Lucas Davis, PhD, Associate Professor.

Rui J. De Figueiredo, Associate Professor. American politics, game theory, formal theory, political institutions, bureaucratic behavior, political behavior, interest groups, methodology.
Research Profile

Nicolae Garleanu, PhD, Associate Professor.

Terrence John Hendershott, Associate Professor. Management of information systems, role of information technology in financial markets, after-hours stock trading, electronic communications networks (ECNs), electronic markets.
Research Profile

Dmitry Livdan, Associate Professor.

Gustavo Manso, Associate Professor.

Don Moore, PhD, Associate Professor. Negotiation, judgment and decision making, Overconfidence, biases, forecasting.
Research Profile

Christine Rosen, Associate Professor. American business history, history of pollution regulation, corporate environmental management industrial ecology, new developments in corporate environmental management.
Research Profile

Steven Tadelis, Associate Professor. Business, contract theory, game theory, economics of organization, procurement contracting, theory of the firm and industrial organization.
Research Profile

Terry Taylor, Associate Professor. Supply chain management, economics of operations management, social responsibility in operations management, marketing-operations interface.
Research Profile

Johan Walden, Associate Professor. Capital markets, networks, asset pricing, heavy-tailed risks.
Research Profile

Xiao-Jun Zhang, Associate Professor. Financial statement analysis, financial accounting theory, international accounting.
Research Profile

Assistant Professors

Ned Augenblick, PhD, Assistant Professor.

Aaron Bodoh-Creed, PhD, Assistant Professor.

Victor Couture, PhD, Assistant Professor.

Clayton R. Critcher, PhD, Assistant Professor. Political psychology, judgment and decision making, moral psychology, self and social insight.
Research Profile

Pnina Feldman, Assistant Professor. Pricing, Operations Management models incorporating strategic consumer behavior, operations - marketing interface.
Research Profile

William Martin Fuchs, PhD, Assistant Professor. Bargaining, Contracting with limited enforcement, Private Monitoring, dynamics.
Research Profile

Andreea D Gorbatai, Assistant Professor.

Brett S Green, PhD, Assistant Professor.

Jose A Guajardo, Assistant Professor.

Ming Hsu, Assistant Professor. Cognitive neuroscience, experimental economics, behavioral economics, neuroeconomics.
Research Profile

Przemyslaw Jeziorski, Assistant Professor.

Yuichiro Kamada, Assistant Professor.

Amir Kermani, PhD, Assistant Professor.

Yaniv Konchitchki, Assistant Professor. Financial accounting, capital markets, valuation, inflation, financial statement analysis, asset pricing, cost of capital, GDP.
Research Profile

Alastair Lawrence, Dphil, Assistant Professor. Financial Disclosure.
Research Profile

Ming D. Leung, PhD, Assistant Professor.

Adair Morse, Assistant Professor.

Alexander A Nezlobin, Assistant Professor.

Marcus M. Opp, Assistant Professor. Corporate finance, international finance, financial intermediation.
Research Profile

Christopher J Palmer, Assistant Professor.

Minjung Park, Assistant Professor.

Panos N. Patatoukas, PhD, Assistant Professor. Finance, accounting, financial statement analysis, market efficiency, supply-chain collaboration.
Research Profile

Jo-Ellen Pozner, Assistant Professor. Ethics, social movements, corporate governance, organizational theory, organizational legitimacy, institutional theory, organizational ecology, organizational misconduct.
Research Profile

Sameer B Srivastava, PhD, Assistant Professor.

Alexei Tchistyi, Assistant Professor.

Noam Yuchtman, PhD, Assistant Professor.

Adjunct Faculty

Paul Jansen, Adjunct Faculty.

Kellie Ann Mcelhaney, Adjunct Faculty. Corporate social responsibility, best practices, corporate responsibility strategy maximization, outcomes and metrics of corporate social responsibility, initiatives on stakeholders, cases of corporate responsibility, experiential learning.
Research Profile

Kristiana Raube, Adjunct Faculty. Quality of healthcare, access to healthcare, maternal and child health.
Research Profile

Domingo Tavella, Adjunct Faculty. Financial engineering, computational finance, derivatives pricing, risk management.
Research Profile

Felix Vardy, Adjunct Faculty.

Jane C. Wei, Adjunct Faculty.

Lecturers

Wasim Azhar, Lecturer.

Homa Bahrami, Lecturer.

Sara Beckman, Lecturer. Business, innovation, management, product development, operations strategy, environmental supply chain management.
Research Profile

Rada Y Brooks, Lecturer.

David Charron, Lecturer.

John Danner, JD Ma MPH, Lecturer.

Timothy M Dayonot, Lecturer.

Stephen W Etter, Lecturer.

Jack Fuchs, Lecturer.

Peter D. Goodson, Lecturer.

Richard Grant, Lecturer.

Ms. Lynne Lamarca Heinrich, Lecturer.

Daniel A Himelstein, Lecturer.

Reza Moazzami, Lecturer.

Sam Olesky, Lecturer.

Jack Phillips, Lecturer.

Mark A. Rittenberg, EdD, Lecturer.

Holly A Schroth, Lecturer.

Frank Schultz, PhD, Lecturer.

Francis V Stanton, Lecturer.

Sarah Catherine Tasker, Lecturer. Financial analysis, investor communication in the technology sector.
Research Profile

Peter L. Thigpen, Lecturer.

Paul Tiffany, Lecturer.

Steven A. Wood, Lecturer.

Professors

Cameron Paul Anderson, Professor. Emotion, power and politics, negotiation and conflict resolution, groups and teams.
Research Profile

Severin Borenstein, Professor. Industrial organization, applied microeconomics, energy markets, electricity deregulation, airline competition, market pricing & competition.
Research Profile

Jennifer A. Chatman, Professor. Innovation, leading change, leveraging organizational culture, leadership assessment, team diversity.
Research Profile

Patricia M Dechow, PhD, Professor. Earnings quality, detecting earnings management, financial analysts, accounting information and capital markets.
Research Profile

Nicholas Economides, Professor.

Paul J. Gertler, Professor. Health economics, public health, health care financing, economic development, industrial organizaition.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Teck Hua Ho, Professor. Buyer feedback system, internet auctions, effects of group size in learning high-stake supply contracting internet, pricing models, monitoring and trust building, strategic teaching, reputation formation.
Research Profile

Ganesh Iyer, Professor. Coordination and contractual issues, distribution channels, supply chains retail competition, retailing institutions, internet institutions, competition markets for information and innovations.
Research Profile

Dwight Jaffee, Professor. Catastrophe insurance, real estate markets, real estate finance, financial institutions, lending activity, international trade, California economy.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Laura J Kray, Professor. Gender, negotiations, stereotypes, counterfactual thinking, meaning in life, fate attributions.
Research Profile

Jonathan Leonard, Professor. Labor economics, human resource management.
Research Profile

Martin Lettau, PhD, Professor.

David I. Levine, Professor. Economic development, labor and organizational economics.
Research Profile

Ross Levine, PhD, Professor.

Richard K. Lyons, Professor. Foreign exchange markets.
Research Profile

John Morgan, Professor. Pricing, strategy, e-commerce, experimental economics, entrepreneurship, surveys, polls, auctions.
Research Profile

Terrance T Odean, Professor. Behavioral finance, investor behavior, investor overconfidence, managerial overconfidence, market simulations.
Research Profile

Christine A Parlour, Professor.

Jose Plehn-Dujowich, Professor.

Andrew Rose, Professor. Banking, international trade patterns, contagion in currency crises, exchange rate, exchange crises in developing countries, exchange rate regimes.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Richard Sloan, Professor.

Richard H. Stanton, Professor. Mortgage markets, prepayment modeling, valuation, hedging, term structure modeling valuation of derivative securities, application of non-parametric estimation techniques, pricing of derivatives.
Research Profile

Toby Stuart, PhD, Professor.

Christopher S Tang, Professor.

David J. Teece, Professor. Innovation, telecommunications policy, competitive performance of firms in the global marketplace, organization of industry, technology policy, antitrust policy, energy policy.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

J. Miguel Villas-Boas, Professor. Economics, competitive strategy, industrial organization, customer relationship management, internet strategies.
Research Profile

Annette Vissing-Jorgensen, Professor.

David J. Vogel, Professor. American politics, business ethics, corporate social responsibility, environmental policy, business-government relations, comparative study of consumer and environmental regulation, trade and environment, risk regulation, European Union.
Research Profile

Nancy Wallace, Professor. Housing price indices, real estate price dynamics, mortgage valuation models: prepayment and default, mortgage contract design, mortgage backed security trading and valuation, executive stock option valuation, and energy efficient mortgage underwriting.
Research Profile

James A. Wilcox, Professor. Mergers, acquisitions, bank capital, effects of economic conditions on banks, business conditions, federal reserve monetary policy, interest rates, inflation, consumer spending, cost reductions via mergers, bank lending, small business lending, unemployment.
Research Profile

Catherine D. Wolfram, Professor. Climate change, energy efficiency, regulation of business, energy and environmental markets.
Research Profile

Associate Professors

Lucas Davis, PhD, Associate Professor.

Rui J. De Figueiredo, Associate Professor. American politics, game theory, formal theory, political institutions, bureaucratic behavior, political behavior, interest groups, methodology.
Research Profile

Nicolae Garleanu, PhD, Associate Professor.

Terrence John Hendershott, Associate Professor. Management of information systems, role of information technology in financial markets, after-hours stock trading, electronic communications networks (ECNs), electronic markets.
Research Profile

Dmitry Livdan, Associate Professor.

Gustavo Manso, Associate Professor.

Don Moore, PhD, Associate Professor. Negotiation, judgment and decision making, Overconfidence, biases, forecasting.
Research Profile

Christine Rosen, Associate Professor. American business history, history of pollution regulation, corporate environmental management industrial ecology, new developments in corporate environmental management.
Research Profile

Steven Tadelis, Associate Professor. Business, contract theory, game theory, economics of organization, procurement contracting, theory of the firm and industrial organization.
Research Profile

Terry Taylor, Associate Professor. Supply chain management, economics of operations management, social responsibility in operations management, marketing-operations interface.
Research Profile

Johan Walden, Associate Professor. Capital markets, networks, asset pricing, heavy-tailed risks.
Research Profile

Xiao-Jun Zhang, Associate Professor. Financial statement analysis, financial accounting theory, international accounting.
Research Profile

Assistant Professors

Ned Augenblick, PhD, Assistant Professor.

Aaron Bodoh-Creed, PhD, Assistant Professor.

Victor Couture, PhD, Assistant Professor.

Clayton R. Critcher, PhD, Assistant Professor. Political psychology, judgment and decision making, moral psychology, self and social insight.
Research Profile

Pnina Feldman, Assistant Professor. Pricing, Operations Management models incorporating strategic consumer behavior, operations - marketing interface.
Research Profile

William Martin Fuchs, PhD, Assistant Professor. Bargaining, Contracting with limited enforcement, Private Monitoring, dynamics.
Research Profile

Andreea D Gorbatai, Assistant Professor.

Brett S Green, PhD, Assistant Professor.

Jose A Guajardo, Assistant Professor.

Ming Hsu, Assistant Professor. Cognitive neuroscience, experimental economics, behavioral economics, neuroeconomics.
Research Profile

Przemyslaw Jeziorski, Assistant Professor.

Yuichiro Kamada, Assistant Professor.

Amir Kermani, PhD, Assistant Professor.

Yaniv Konchitchki, Assistant Professor. Financial accounting, capital markets, valuation, inflation, financial statement analysis, asset pricing, cost of capital, GDP.
Research Profile

Alastair Lawrence, Dphil, Assistant Professor. Financial Disclosure.
Research Profile

Ming D. Leung, PhD, Assistant Professor.

Adair Morse, Assistant Professor.

Alexander A Nezlobin, Assistant Professor.

Marcus M. Opp, Assistant Professor. Corporate finance, international finance, financial intermediation.
Research Profile

Christopher J Palmer, Assistant Professor.

Minjung Park, Assistant Professor.

Panos N. Patatoukas, PhD, Assistant Professor. Finance, accounting, financial statement analysis, market efficiency, supply-chain collaboration.
Research Profile

Jo-Ellen Pozner, Assistant Professor. Ethics, social movements, corporate governance, organizational theory, organizational legitimacy, institutional theory, organizational ecology, organizational misconduct.
Research Profile

Sameer B Srivastava, PhD, Assistant Professor.

Alexei Tchistyi, Assistant Professor.

Noam Yuchtman, PhD, Assistant Professor.

Adjunct Faculty

Paul Jansen, Adjunct Faculty.

Kellie Ann Mcelhaney, Adjunct Faculty. Corporate social responsibility, best practices, corporate responsibility strategy maximization, outcomes and metrics of corporate social responsibility, initiatives on stakeholders, cases of corporate responsibility, experiential learning.
Research Profile

Kristiana Raube, Adjunct Faculty. Quality of healthcare, access to healthcare, maternal and child health.
Research Profile

Domingo Tavella, Adjunct Faculty. Financial engineering, computational finance, derivatives pricing, risk management.
Research Profile

Felix Vardy, Adjunct Faculty.

Jane C. Wei, Adjunct Faculty.

Lecturers

Wasim Azhar, Lecturer.

Homa Bahrami, Lecturer.

Sara Beckman, Lecturer. Business, innovation, management, product development, operations strategy, environmental supply chain management.
Research Profile

Rada Y Brooks, Lecturer.

David Charron, Lecturer.

John Danner, JD Ma MPH, Lecturer.

Timothy M Dayonot, Lecturer.

Stephen W Etter, Lecturer.

Jack Fuchs, Lecturer.

Peter D. Goodson, Lecturer.

Richard Grant, Lecturer.

Ms. Lynne Lamarca Heinrich, Lecturer.

Daniel A Himelstein, Lecturer.

Reza Moazzami, Lecturer.

Sam Olesky, Lecturer.

Jack Phillips, Lecturer.

Mark A. Rittenberg, EdD, Lecturer.

Holly A Schroth, Lecturer.

Frank Schultz, PhD, Lecturer.

Francis V Stanton, Lecturer.

Sarah Catherine Tasker, Lecturer. Financial analysis, investor communication in the technology sector.
Research Profile

Peter L. Thigpen, Lecturer.

Paul Tiffany, Lecturer.

Steven A. Wood, Lecturer.

Professors

Cameron Paul Anderson, Professor. Emotion, power and politics, negotiation and conflict resolution, groups and teams.
Research Profile

Severin Borenstein, Professor. Industrial organization, applied microeconomics, energy markets, electricity deregulation, airline competition, market pricing & competition.
Research Profile

Jennifer A. Chatman, Professor. Innovation, leading change, leveraging organizational culture, leadership assessment, team diversity.
Research Profile

Patricia M Dechow, PhD, Professor. Earnings quality, detecting earnings management, financial analysts, accounting information and capital markets.
Research Profile

Nicholas Economides, Professor.

Paul J. Gertler, Professor. Health economics, public health, health care financing, economic development, industrial organizaition.
Research Profile

Benjamin Hermalin, Professor. Contract theory, corporate governance, executive compensation, economics of leadership and organization, competitive strategy, industrial organization.
Research Profile

Teck Hua Ho, Professor. Buyer feedback system, internet auctions, effects of group size in learning high-stake supply contracting internet, pricing models, monitoring and trust building, strategic teaching, reputation formation.
Research Profile

Ganesh Iyer, Professor. Coordination and contractual issues, distribution channels, supply chains retail competition, retailing institutions, internet institutions, competition markets for information and innovations.
Research Profile

Dwight Jaffee, Professor. Catastrophe insurance, real estate markets, real estate finance, financial institutions, lending activity, international trade, California economy.
Research Profile

Michael Katz, Professor. Antitrust, economics of networks industries, intellectual property licensing, privacy, telecommunications policy.
Research Profile

Laura J Kray, Professor. Gender, negotiations, stereotypes, counterfactual thinking, meaning in life, fate attributions.
Research Profile

Jonathan Leonard, Professor. Labor economics, human resource management.
Research Profile

Martin Lettau, PhD, Professor.

David I. Levine, Professor. Economic development, labor and organizational economics.
Research Profile

Ross Levine, PhD, Professor.

Richard K. Lyons, Professor. Foreign exchange markets.
Research Profile

John Morgan, Professor. Pricing, strategy, e-commerce, experimental economics, entrepreneurship, surveys, polls, auctions.
Research Profile

Terrance T Odean, Professor. Behavioral finance, investor behavior, investor overconfidence, managerial overconfidence, market simulations.
Research Profile

Christine A Parlour, Professor.

Jose Plehn-Dujowich, Professor.

Andrew Rose, Professor. Banking, international trade patterns, contagion in currency crises, exchange rate, exchange crises in developing countries, exchange rate regimes.
Research Profile

Carl Shapiro, Professor. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Richard Sloan, Professor.

Richard H. Stanton, Professor. Mortgage markets, prepayment modeling, valuation, hedging, term structure modeling valuation of derivative securities, application of non-parametric estimation techniques, pricing of derivatives.
Research Profile

Toby Stuart, PhD, Professor.

Christopher S Tang, Professor.

David J. Teece, Professor. Innovation, telecommunications policy, competitive performance of firms in the global marketplace, organization of industry, technology policy, antitrust policy, energy policy.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market economies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit.
Research Profile

J. Miguel Villas-Boas, Professor. Economics, competitive strategy, industrial organization, customer relationship management, internet strategies.
Research Profile

Annette Vissing-Jorgensen, Professor.

David J. Vogel, Professor. American politics, business ethics, corporate social responsibility, environmental policy, business-government relations, comparative study of consumer and environmental regulation, trade and environment, risk regulation, European Union.
Research Profile

Nancy Wallace, Professor. Housing price indices, real estate price dynamics, mortgage valuation models: prepayment and default, mortgage contract design, mortgage backed security trading and valuation, executive stock option valuation, and energy efficient mortgage underwriting.
Research Profile

James A. Wilcox, Professor. Mergers, acquisitions, bank capital, effects of economic conditions on banks, business conditions, federal reserve monetary policy, interest rates, inflation, consumer spending, cost reductions via mergers, bank lending, small business lending, unemployment.
Research Profile

Catherine D. Wolfram, Professor. Climate change, energy efficiency, regulation of business, energy and environmental markets.
Research Profile

Associate Professors

Lucas Davis, PhD, Associate Professor.

Rui J. De Figueiredo, Associate Professor. American politics, game theory, formal theory, political institutions, bureaucratic behavior, political behavior, interest groups, methodology.
Research Profile

Nicolae Garleanu, PhD, Associate Professor.

Terrence John Hendershott, Associate Professor. Management of information systems, role of information technology in financial markets, after-hours stock trading, electronic communications networks (ECNs), electronic markets.
Research Profile

Dmitry Livdan, Associate Professor.

Gustavo Manso, Associate Professor.

Don Moore, PhD, Associate Professor. Negotiation, judgment and decision making, Overconfidence, biases, forecasting.
Research Profile

Christine Rosen, Associate Professor. American business history, history of pollution regulation, corporate environmental management industrial ecology, new developments in corporate environmental management.
Research Profile

Steven Tadelis, Associate Professor. Business, contract theory, game theory, economics of organization, procurement contracting, theory of the firm and industrial organization.
Research Profile

Terry Taylor, Associate Professor. Supply chain management, economics of operations management, social responsibility in operations management, marketing-operations interface.
Research Profile

Johan Walden, Associate Professor. Capital markets, networks, asset pricing, heavy-tailed risks.
Research Profile

Xiao-Jun Zhang, Associate Professor. Financial statement analysis, financial accounting theory, international accounting.
Research Profile

Assistant Professors

Ned Augenblick, PhD, Assistant Professor.

Aaron Bodoh-Creed, PhD, Assistant Professor.

Victor Couture, PhD, Assistant Professor.

Clayton R. Critcher, PhD, Assistant Professor. Political psychology, judgment and decision making, moral psychology, self and social insight.
Research Profile

Pnina Feldman, Assistant Professor. Pricing, Operations Management models incorporating strategic consumer behavior, operations - marketing interface.
Research Profile

William Martin Fuchs, PhD, Assistant Professor. Bargaining, Contracting with limited enforcement, Private Monitoring, dynamics.
Research Profile

Andreea D Gorbatai, Assistant Professor.

Brett S Green, PhD, Assistant Professor.

Jose A Guajardo, Assistant Professor.

Ming Hsu, Assistant Professor. Cognitive neuroscience, experimental economics, behavioral economics, neuroeconomics.
Research Profile

Przemyslaw Jeziorski, Assistant Professor.

Yuichiro Kamada, Assistant Professor.

Amir Kermani, PhD, Assistant Professor.

Yaniv Konchitchki, Assistant Professor. Financial accounting, capital markets, valuation, inflation, financial statement analysis, asset pricing, cost of capital, GDP.
Research Profile

Alastair Lawrence, Dphil, Assistant Professor. Financial Disclosure.
Research Profile

Ming D. Leung, PhD, Assistant Professor.

Adair Morse, Assistant Professor.

Alexander A Nezlobin, Assistant Professor.

Marcus M. Opp, Assistant Professor. Corporate finance, international finance, financial intermediation.
Research Profile

Christopher J Palmer, Assistant Professor.

Minjung Park, Assistant Professor.

Panos N. Patatoukas, PhD, Assistant Professor. Finance, accounting, financial statement analysis, market efficiency, supply-chain collaboration.
Research Profile

Jo-Ellen Pozner, Assistant Professor. Ethics, social movements, corporate governance, organizational theory, organizational legitimacy, institutional theory, organizational ecology, organizational misconduct.
Research Profile

Sameer B Srivastava, PhD, Assistant Professor.

Alexei Tchistyi, Assistant Professor.

Noam Yuchtman, PhD, Assistant Professor.

Adjunct Faculty

Paul Jansen, Adjunct Faculty.

Kellie Ann Mcelhaney, Adjunct Faculty. Corporate social responsibility, best practices, corporate responsibility strategy maximization, outcomes and metrics of corporate social responsibility, initiatives on stakeholders, cases of corporate responsibility, experiential learning.
Research Profile

Kristiana Raube, Adjunct Faculty. Quality of healthcare, access to healthcare, maternal and child health.
Research Profile

Domingo Tavella, Adjunct Faculty. Financial engineering, computational finance, derivatives pricing, risk management.
Research Profile

Felix Vardy, Adjunct Faculty.

Jane C. Wei, Adjunct Faculty.

Lecturers

Wasim Azhar, Lecturer.

Homa Bahrami, Lecturer.

Sara Beckman, Lecturer. Business, innovation, management, product development, operations strategy, environmental supply chain management.
Research Profile

Rada Y Brooks, Lecturer.

David Charron, Lecturer.

John Danner, JD Ma MPH, Lecturer.

Timothy M Dayonot, Lecturer.

Stephen W Etter, Lecturer.

Jack Fuchs, Lecturer.

Peter D. Goodson, Lecturer.

Richard Grant, Lecturer.

Ms. Lynne Lamarca Heinrich, Lecturer.

Daniel A Himelstein, Lecturer.

Reza Moazzami, Lecturer.

Sam Olesky, Lecturer.

Jack Phillips, Lecturer.

Mark A. Rittenberg, EdD, Lecturer.

Holly A Schroth, Lecturer.

Frank Schultz, PhD, Lecturer.

Francis V Stanton, Lecturer.

Sarah Catherine Tasker, Lecturer. Financial analysis, investor communication in the technology sector.
Research Profile

Peter L. Thigpen, Lecturer.

Paul Tiffany, Lecturer.

Steven A. Wood, Lecturer.

Contact Information

Haas School of Business

Haas School of Business

Phone: 510-642-4417

Fax: 510-643-4345

Visit School Website

Department Chair

Annette Vissing-Jorgensen, PhD

Phone: 510-643-8013

vissing@haas.berkeley.edu

Head Graduate Adviser

Linda Kreitzman

Berkeley-Haas MFE

Phone: 510-642-4417

mfe@haas.berkeley.edu

Graduate Student Affairs Officer

Christina Henri

Berkeley-Haas MFE

Phone: 510-642-4417

mfe@haas.berkeley.edu

Graduate Student Affairs Officer

Diane Nguyen

Berkeley-Haas MFE

Phone: 510-642-4417

mfe@haas.berkeley.edu

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