Hersh Shefrin

Hersh M. Shefrin (* 1948 in Winnipeg , Canada ) is a Canadian economist ( finance ) and university professor . He was best known for his work in the field of behavioral financial market theory ( English behavioral finance ). He has the Mario L. Belotti - Chair at the Leavey School of Business of the US Santa Clara University held.

His book Beyond Greed and Fear (2000), translated into several languages and considered the first comprehensive treatise on behavioral finance written specifically for practitioners (e.g. portfolio managers, analysts and financial advisors) , is used worldwide as a textbook for courses in this branch of economics.

academic career

• 1970: B.Sc. (Hons.), University of Manitoba , Canada
• 1971: Master of Mathematics, University of Waterloo , Canada
• 1974: Graduation with Ph.D. at the London School of Economics and Political Science (LSE), United Kingdom
• 1974–1979: Assistant Professor , Department of Economics, University of Rochester , United States (USA)
• 1979–1986: Associate Professor , Department of Economics, Santa Clara University , USA
• 1986–1990: Professor , Department of Economics, Santa Clara University
• 1983–1988: Chair in the Department of Economics at Santa Clara University
• since 1990: Professor, Department of Finance, Santa Clara University

Fonts

Shefrin has published numerous scientific articles in journals such as the Journal of Political Economy and the Journal of Economic Behavior & Organization , partly together with other scholars such as Richard Thaler and Meir Statman . He also published several books:

• Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing. First published in September 1999, Harvard Business Press, Boston 2000, ISBN 0-19-516121-1 (other editions: Oxford University Press, 2002, 2003, 2007).
  • Stock market success with behavioral finance: investment psychology for professionals. Translated from the American by Ruth Niel and Brigitte Mues. Schäffer-Poeschel, Stuttgart 2000, ISBN 3-7910-1747-0 .
  • Also translated into Chinese, Italian, Japanese, Korean and Spanish.
• A Behavioral Approach to Asset Pricing. Academic Press, Elsevier, 2005 (2nd edition: 2008, ISBN 978-0-12-374356-5 ).
• Behavorial corporate finance. McGraw-Hill / Irwin, Boston 2007, ISBN 978-0-07-284865-6 (2nd edition: McGraw-Hill, New York 2018).
• Ending the Management Illusion: How to Drive Business Results Using the Principles of Behavioral Finance. McGraw-Hill, New York 2008, ISBN 978-0-07-149473-1 .
• Behavioralizing Finance (= Foundations and trends in finance . Volume 4, No. 1–2). Now Publishers, Boston 2010, ISBN 978-1-60198-330-5 .
• Behavioral Risk Management: Managing the Psychology That Drives Decisions and Influences Operational Risk. Palgrave MacMillan, New York 2016 (softcover: Springer, 2016, ISBN 978-1-137-44560-5 ).
• with Anastasios G. Malliaris, Leslie Shaw (Eds.): The Global Financial Crisis and Its Aftermath: Hidden Factors in the Meltdown . Oxford University Press, New York 2016, ISBN 978-0-19938622-2 .

He also writes intermittently for The Wall Street Journal and blogs for Forbes and The Huffington Post .

Awards and reception

• 2000: William F. Sharpe Award for Scholarship in Financial Research , together with Meir Statman for the publication of Behavioral Portfolio Theory in the Journal of Financial and Quantitative Analysis
• 2001: He was named one of the financial industry stars in the January issue of CFO Magazine .
• 2002: Best Paper Award from the Korean Securities Association, with Kee H. Chung and Hoje Jo
• 2003: Shefrin was listed in The American Economic Review as one of the top 15 economic theorists to influence empirical work.
• 2006: Award of an honorary doctorate by the University of Oulu , Finland (Ph.D. Honoris causa )
• 2008: The US Investment Management Consultants Association (IMCA) presented Shefrin with the IMCA Journalism Award for his article How the Disposition Effect and Momentum Impact Investment Professionals (2007) , published in the Journal of Investment Consulting .
• 2009: His book Beyond Greed and Fear (2000) was recognized by the US bank JPMorgan Chase as one of the ten best books published since 2000.
• 2014: In February 2014, his work was featured on BBC Television .

Web links

• Literature by and about Hersh Shefrin in the catalog of the German National Library
• Hersh Shefrin in the catalog of the ZBW - Leibniz Information Center for Economics (ZBW)
• Hersh Shefrin: Mario L. Belotti Professor of Finance on the Santa Clara University website

Individual evidence

1. ↑ ^{a b c} Curriculum Vitae: Hersh Shefrin . Santa Clara University website, July 2016, accessed June 2, 2019 (PDF).
2. ↑ Contributor: Hersh Shefrin . forbes.com. accessed on June 2, 2019.
3. ↑ Contributor: Hersh Shefrin . huffpost.com, accessed June 2, 2019.
4. ↑ ^{a b c d} Hersh Shefrin . Website of the board of trustees for the meetings of the Nobel Prize winners in Lindau (B) e. V., accessed on June 2, 2019 (English).
5. ↑ Hersh Shefrin, Meir Statman: Behavioral Portfolio Theory. In: Journal of Financial and Quantitative Analysis , Vol. 35, No. 2, June 2000, doi : 10.2307 / 2676187 , pp. 127-151 (English).
6. ↑ Hersh Shefrin: How the Disposition Effect and Momentum Impact Investment Professionals. In: Journal of Investment Consulting , Volume 8, No. 2, 2007.
7. ^ IMCA Presents Awards in New Orleans . Investment Management Consultants Association, May 19, 2008, accessed June 2, 2019.
8. ^ Chase Introduces Blueprint: New Features Give Credit Card Customers More Control . JPMorgan Chase, Investor Relations announcement, September 15, 2009, accessed June 2, 2019.