Experience Effects: How Personal Lifetime Experiences Affect Financial Investment and Risk Attitudes

Colloquium | November 8 | 12:10-1:15 p.m. | 5101 Tolman Hall

 Ulrike Malmendier, Professor, Haas School of Business

 Institute of Personality and Social Research

Ulrike Malmendier received her PhD in Business Economics from Harvard University in 2002, and her PhD in Law (summa cum laude) from the University of Bonn in 2000. She joined Berkeley in 2006 as an Assistant Professor, after having been at Stanford as Assistant Professor of Finance since 2002. She also is a research associate at NBER (Corporate Finance and Labor Economics) and a faculty research fellow at IZA, a CESifo affiliate, and a CEPR research affiliate. In 2015 Malmendier was awarded the Distinguished Teaching Award, UC Berkeley's most prestigious honor for teaching.

In 2013, Malmendier received the Fisher Black Prize from the American Finance Association, given biennially to the top financial scholar under the age of 40. The award citation referred to Malmendier’s work in corporate finance, behavioral economics and finance, contract theory, and the history of the firm, particularly noting the originality and creativity of her research. Malmendier’s area of focus is the intersection of economics and finance, and why and how individuals make decisions—specifically how individuals make mistakes and systematically biased decisions. Some of her work includes research on CEO overconfidence, the long-term frugality of Depression “babies” and the decision-making behind gym membership.

 ipsr@berkeley.edu, 510-642-5050