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Positions Held
2018–present |
A. Barton Hepburn Professor of Economics, Finance Division, Columbia University |
2014–2017 |
Professor of Business, Finance and Economics Division, Columbia University |
2008–2014 |
Roger F. Murray Associate Professor of Finance, Columbia University |
2007–2008 |
Visiting Assistant Professor of Finance, Yale University |
2004–2008 |
Assistant Professor of Finance, University of Texas at Austin |
Graduate Studies
Ph.D., Economics, Harvard University, 2004
Thesis Title: “Investors’ Expectations in Financial Markets”
Committee Members: Professors David Laibson (Chair), John Campbell, and Jeremy Stein
Undergraduate Studies
B.S., Mathematical Economics, Harvey Mudd College, 1999, Class Rank: 1st
Minors in Mathematics and Chemistry
Teaching and Research Interests
Asset pricing and behavioral finance
Teaching Experience
2010–2021 |
Capital Markets and Investments, Columbia University |
2008 |
Behavioral Finance, Yale University |
2005–2007 |
Investment Management, University of Texas |
2002 |
Behavioral Economics, Harvard University (Teaching Fellow) |
Honors, Fellowships, and Grants
2021 |
Dean's Award for Teaching Excellence, Columbia |
2015 |
Best 40 Under 40 Professors, Poets & Quants |
2013 |
George S. Eccles Research Award, Columbia University |
2008 |
Whitebox Grant for Behavioral Finance Research, Yale University |
2007 |
Winner of the Smith Breeden Prize, Journal of Finance |
2003–2004 |
Earle A. Chiles Fellowship, Harvard University |
Spring 2002 |
Distinction in Teaching, Derek Bok Center, Harvard University |
2001–2002 |
John Kenneth Galbraith Prize, Harvard University |
1999–2002 |
National Science Foundation Graduate Research Fellow |
Selected Professional Service
Associate Editor, Journal of Finance (2016–2022)
Associate Editor, Review of Financial Studies (2015–2018)
Associate Editor, Management Science (2013–2014)
Program Committee, Western Finance Association (2008–2014)
Referee for finance and economics journals (JF, RFS, JFE, AER, QJE, JPE, etc.)
Selected Conference Presentations
American Economic Association, American Finance Association (multiple), HKUST Asset Pricing, Miami Behavioral Finance (multiple), NBER Behavioral Finance (multiple), NBER Corporate Finance, NBER Market Microstructure, NBER Summer Institute, NYU Five Star, NYU Market Microstructure, SFS Cavalcade, Texas Finance Festival, Thomson Reuters News Roundtable, Western Finance Association (multiple)
Selected Invited Seminars
AQR Capital (2), Arizona, ASU, Barclays, Boston College (2), Brookings Institute, BYU (2), CalTech, Chicago, Columbia, Dartmouth, Dow Jones, Emory, Federal Reserve (2), Goldman Sachs, Harvard (2), HEC Paris, Illinois, Imperial, Indiana, INSEAD, LBS, LSE, Maryland (2), Michigan, MIT, Northwestern, Notre Dame, NY Fed (2), NYU Stern, Princeton, Rice, SEC, SIFR, Stanford, Toronto, UC Berkeley (3), UBC, UC Davis, UCLA, UCSD, UNC (2), USC, UT Austin (2), Virginia (2), Wash. U., Wharton (2), Yale (2)
Published Finance Research
Lochstoer, Lars A., and Paul C. Tetlock, 2020, “What Drives Anomaly Returns?” Journal of Finance 75, 1417-1455.
Kelley, Eric K., and Paul C. Tetlock, 2017, “Retail Short Selling and Stock Prices,” Review of Financial Studies 30, 801-834.
Tetlock, Paul C., 2015, “The Role of Media in Finance,” In S.P. Anderson, D. Stromberg, and J. Waldfogel (Eds.), Handbook of Media Economics, Vol 1B, Chapter 18, pp. 701-721. Oxford: Elsevier.
Tetlock, Paul C., 2014, “Information Transmission in Finance,” Annual Review of Financial Economics 6, 365-384.
Alti, Aydogan and Paul C. Tetlock, 2014, “Biased Beliefs, Asset Prices, and Investment: A Structural Approach,” Journal of Finance 69, 325-361.
Ang, Andrew, Assaf A. Shtauber, and Paul C. Tetlock, 2013, “Asset Pricing in the Dark: The Cross Section of OTC Stocks,” Review of Financial Studies 26, 2985-3028. (Lead article)
Kelley, Eric K. and Paul C. Tetlock, 2013, “How Wise Are Crowds? Insights from Retail Orders and Stock Returns,” Journal of Finance 68, 1229-1265.
Tetlock, Paul C., 2011, “All the News That’s Fit to Reprint: Do Investors React to Stale Information?” Review of Financial Studies 24, 1481-1512.
Tetlock, Paul C., 2010, “Does Public Financial News Resolve Asymmetric Information?” Review of Financial Studies 23, 3520-3557.
Tetlock, Paul C., Maytal Saar-Tsechansky, and Sofus Macskassy, 2008, “More Than Words: Quantifying Language to Measure Firms’ Fundamentals,” Journal of Finance, 63, 1437-1467.
Tetlock, Paul C., 2007, “Giving Content to Investor Sentiment: The Role of Media in the Stock Market,” Journal of Finance 62, 1139-1168. (Winner of the Smith Breeden Prize)
Finance Working Papers
Tetlock, Paul C., 2023, “The Implied Equity Premium,” Columbia University working paper.
Lochstoer, Lars A., and Paul C. Tetlock, 2023, “Model-Free Mispricing Factors,” Columbia University working paper.
Kelley, Eric K., and Paul C. Tetlock, 2014, “Why Do Investors Trade?” revision requested by the Journal of Finance.
Tetlock, Paul C., 2009, “Liquidity and Prediction Market Efficiency,” revision requested by the Review of Financial Studies.
Tetlock, Paul C. and Robert W. Hahn, 2008, “Optimal Liquidity Provision for Decision Makers.”
Tetlock, Paul C., 2004, “How Efficient Are Information Markets? Evidence from an Online Exchange.”
Selected Press Articles about My Research
The Economist, Economics Focus, “In a Sentimental Mood.”
Forbes, Wall Street, “Investing on the News: By the Time You Read It, It's Too Late.”
U.S. News & World Report, Best in Business, “How Words Can Hurt… Stocks.”
New York Times, Op-ed, “Short Odds for Ignorance.”
Wall Street Journal, Op-ed, “When Gambling Is Good.”
Published Economics and Policy Research
Fox, Merrit B., Lawrence R. Glosten, and Paul C. Tetlock, 2010, “Short Selling and the News: A Preliminary Report on an Empirical Study” New York Law School Review 54, 645-682.
Hahn, Robert W. and Paul C. Tetlock, 2008, “Has Economic Analysis Improved Regulatory Decisions?” Journal of Economic Perspectives 22, 67-84.
Many authors (original draft by Robert W. Hahn and Paul C. Tetlock), 2008, “The Promise of Prediction Markets” Science 320, 877-878.
Hahn, Robert W. and Paul C. Tetlock, 2006, “A New Approach for Regulating Information Markets,” Journal of Regulatory Economics 29, 265-281.
Hahn, Robert W. and Paul C. Tetlock, 2005, “Using Information Markets to Improve Decision Making” Harvard Journal of Law and Public Policy 28, 213-289.
Hahn, Robert W. and Paul C. Tetlock, 2000, “Should You Be Allowed to Use Your Cellular Phone While Driving?” Regulation 23, 46-55.
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