Meir Statman
Glenn Klimek Professor of Finance
at the Leavey School of Business, Santa Clara University, US
Ambiti Principali:
- What investors really want (Wealth and well-being. Hope for riches, protection from poverty, caring for children and families, being true to values, gaining high social status)
- The cognitive and emotional errors we make on our way to our wants, and how to correct these errors
- Behavioral portfolio theory and practice. How we build portfolio and how we can build better portfolios
- Behavioral life cycle of saving and spending. How we can learn to save responsibly when young, and learn to spend responsibly when old
- Behavioral asset pricing. What determines the returns investors can expect from their investments
- Behavioral efficient markets. Markets may be crazy, but this does not make you a psychiatrist. We can learn how markets work, and avoid errors that diminish returns.
Profilo Professionale:
Meir Statman is the Glenn Klimek Professor of Finance at Santa Clara University. His research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets.
His most recent book is “Finance for Normal People: How Investors and Markets Behave”, published by Oxford University Press. The questions he addresses in his research include: What are investors’ wants and how can we help investors balance them? What are investors’ cognitive and emotional shortcuts and how can we help them overcome cognitive and emotional errors?
How are wants, shortcuts and errors reflected in choices of saving, spending, and portfolio construction? How are they reflected in asset pricing and market efficiency? Meir’s research has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, the Financial Analysts Journal, the Journal of Portfolio Management, and many other journals.
The research has been supported by the National Science Foundation, the Research Foundation of the CFA Institute, and the Investment and Wealth Institute (IMCA). Meir is a member of the Advisory Board of the Journal of Portfolio Management, the Journal of Wealth Management, the Journal of Retirement, the Journal of Investment Consulting, and the Journal of Behavioral and Experimental Finance, an Associate Editor of the Journal of Financial Research, the Journal of Behavioral Finance, and the Journal of Investment Management and a recipient of a Batterymarch Fellowship, a William F. Sharpe Best Paper Award, a Bernstein Fabozzi/Jacobs Levy Outstanding Article Award, a Davis Ethics Award, a Moskowitz Prize for best paper on socially responsible investing, a Matthew R. McArthur Industry Pioneer Award, three Baker IMCA Journal Awards, and three Graham and Dodd Awards.
Meir was named as one of the 25 most influential people by Investment Advisor. He consults with many investment companies and presents his work to academics and professionals in many forums in the U.S. and abroad. Brilliant speaker, at the highest level. His numerous presentations consulting projects are based on rigorous studies, delivered in jargon-free language leavened by humor and are highly appreciated by the audience.
Education:
- Meir received his Ph.D. from Columbia University and his B.A. and M.B.A. from the Hebrew University of Jerusalem
Principali pubblicazioni:
- Finance for Normal People: How Investors and Markets Behave, Oxford University Press, 2017
- “The Mental Mistakes We Make With Retirement Spending,” Wall Street Journal, April 24, 2017
- “Your Tolerance for Investment Risk Is Probably Not What You Think,” Wall Street Journal, September 10, 2017
- “How Financially Literate Are You Really?” Wall Street Journal, Oct. 19, 2017
- “Standard and behavioral life cycle theories and public policy,” Journal of Retirement, 2017
- “Behavioral market efficiency,” Journal of Portfolio Management, 2018
- “Are your clients not spending enough in retirement,” Journal of Financial Planning, 2017
- “Meet Today’s Challenges by Becoming a Well-Being Adviser,” Journal of Financial Planning, 2017
- “Rebalancing According to Behavioral Portfolio Theory,” Journal of Financial Planning, 2018
Associated Partner
