Jacob S. Sagi
Vanderbilt Financial Markets Research Center Associate Professor of Finance
Subject Area(s):
Finance, Real Estate
Biography:
Professor Sagi is an expert on financial economics and decision theory. His research on asset pricing and decision-making under risk and uncertainty has appeared in such leading publications as Econometrica, The Journal of Economic Theory, The Journal of Financial Economics, Economic Theory, and the Journal of Mathematical Economics. Among his current research interests in finance are the economics of delegated fund and portfolio management, the intersection of asset pricing with macroeconomics, real options, and real estate markets. His decision theory interests include the modeling of decision making under uncertainty, unforeseen contingencies, and reference-dependent choice. Prior to joining Owen, Sagi served as assistant professor of finance at the Haas School of Business at the University of California, Berkeley. Sagi's research has been recognized with numerous grants and distinctions, including awards from the Research Grants Council of Hong Kong, the National Institute on Aging (NIA) and several Berkeley Junior Faculty Research Grants. In addition, his research has been presented at scores of seminars and conferences held by academic institutions and professional associations in the U.S. and abroad. Sagi's work on closed-end funds with Martin Cherkes and Richard Stanton, published in the Review of Financial studies, was distinguished by the 'Best Paper' award at the 2006 Utah Winter Finance Conference - one of the most selective conferences in financial economics. Areas of expertise (keywords): decision-making, financial economics, asset pricing
Education:
B.Sc. Physics, Toronto,1991
Ph.D. Physics, British Columbia,1995
Ph.D. Financial Economics, British Columbia,2000
Course(s) Taught:
- MGT 439: Real Estate Finance and Capital Markets
- MGT 331: Managerial Finance
- MGT 630a: Asset Pricing Theory
Research Interest(s):
ASSET PRICING: the economics of delegated fund and portfolio management, the intersection of asset pricing with macroeconomics, real options, and real estate markets.
DECISION THEORY: choice under risk, uncertainty, ambiguity, and reference dependence.
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